What is Contract Ownership? Definition
Introduction To make a legally valid contract, at least one owner must be required. Therefore before entering into the contract, you should know the concept of contract ownership in a proper way. In this article, we explore what…
Read more »What does no term agreement mean?
Understanding of No Term Agreement No-term agreements are also referred to as open-ended or indefinite contracts. In that type of contract, there is no specified end date. We often see that fixed-term contracts end on a fixed date…
Read more »What Is A Conditional Contract In Insurance?
Introduction Conditioner contract insurance falls under the category of agreement, it sets some conditions of a contract. According to this agreement, the insurance provider gives some Pacific coverage or pays out only when the conditions mentioned in the…
Read more »What is a conditional insurance contract?
Introduction Insurance contracts are the most significant part of our lives. Through insurance, we can protect our life and property. We still don’t know how the insurance contract helps with risk or damage. This article explains conditional contracts.…
Read more »Contract Mediation: Five Essential Tips That You Need To Know
Contract mediation is a method adopted by the contracting parties. In this process, the contract involves a third party as a mediator. The mediator helps the contracting parties reach a happy solution to the contract dispute that is…
Read more »How To Resolve Contract Disputes With The Help Of A Broker?
Introduction Before diving into the subject, let’s explore the role of a broker in resolving contract disputes. First, we should know what is a contract?, in a contract, there are two or more parties involved. They prepare a…
Read more »What is a Consignment Agreement: Everything You Need to Know
Introduction There are many reasons to choose consignment agreements, especially for retailers and small shop owners who often enter into such contracts. Sometimes, the market trend will change, and a small business venture needs to test different goods…
Read more »How to Negotiate a Mutual Separation Agreement, and How will it work?
Introduction A mutual separation agreement (MSA) represents a deal you negotiate with your employer regarding the terms of leaving the organization. Usually, it deals in the form of compensation. On that basis, you agree to end your employment.…
Read more »What is An Exclusive Licensing Agreement? Everything You Need to Know
Introduction An Exclusive Licensing agreement is a form of agreement most commonly used for intellectual property. Through this, the company gives certain exclusive rights to individuals or other companies to use their services, products, or technology. In this…
Read more »Are Verbal Contracts Legally Binding Under The Law?
Introduction We often use verbal contracts in our day-to-day lives. We agree with persons and create an agreement without putting it in writing form. But sometimes, it creates confusion because when any disputes arise, then we have no…
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