What is an Arbitration Clause in an Agreement?
Introduction: An arbitration clause in an agreement refers to the contractual provision that says the contracting parties have agreed to resolve their dispute via private arbitration instead of public litigation. This clause is binding on the parties; certain…
Read more »What is an 11-month Lock in Period in Rent Agreement? You Need to Know
Introduction: You often see your relatives or friends who are renting property, like a house, flat, or shop; there is one common term repeatedly heard: the duration of the rental agreement is set for 11 months. Sometimes, one…
Read more »What is the Lock-in Period in Rent Agreement?: Ultimate Guide
Introduction: A lock-in period in rent agreement is a clause that is commonly added to a rental agreement. It refers to the fact that the tenant can continue in the property for a specific period of time. It…
Read more »What is an Indemnity clause in a Contract?
Introduction: The word “indemnity” comes from the Latin word indemnis”, meaning “to be uninjured” or “to suffer no harm or loss”. It also refers to protection or security against financial losses. The Indemnity clause is one of the…
Read more »What are Essential Contract Clauses, and how to use them in a Contract?
Introduction: Every contract has some specific goals for the parties. These can reduce risk, negotiate terms, protect rights, etc. That’s the reason the clauses that you include in a contract play a significant role. Because of the lack…
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