The definition of a contract suggests that it takes an agreement to a new level, with specific rules and limits that are legally binding. Signing a contract means that you must abide by its terms. Otherwise, there will be legal consequences. A contract is an agreement between two or more parties that creates a […]
Separation agreements are often used as a precursor to divorce or as an alternative if you are not willing to initiate proceedings. Access to good legal advice and a separation agreement drafted by a lawyer also increases the likelihood that the court will accept your separation agreement. You can also use one if you […]
Military exception. Political subdivisions are to be exempted from the TSA: (1) members of a reserve component of the armed forces who are called upon to serve, and (2) honourably released veterans who have served in a war or armed conflict, who are blind, paraplegic or a double or quadruple amputee as a result […]
Home contract contingencies are an essential component of any real estate transaction. These clauses provide the buyer and seller with certain safeguards, ensuring that the sale proceeds smoothly and that both parties are protected. A contingency is a condition that must be met before the sale can be completed. For example, a buyer may […]
The liquidation of a company is generally treated as an exchange of fixed assets under the Internal Revenue Code. If a shareholder purchased shares for $300 and received $500 of ownership of a corporation in liquidation, that shareholder would recognize a capital gain of $200. An exception is when a parent company liquidates a […]
That`s right! If a seller decides to terminate your purchase agreement in a way that is not permitted by the contract, you may have the right to take legal action for breach of contract. Therefore, this option is probably a seller`s last resort. The contract of purchase and sale (also called a contract of […]
The Government of the United Kingdom has always stated that it cannot accept reservations to article IX. Accordingly, in accordance with the position adopted by the United Kingdom in previous cases, the Government of the United Kingdom does not accept the first reservation made by the United States of America. The Government of the […]
To move beyond a strategy focused on articulation agreements, two- and four-year institutions must first and foremost build strong relationships through mutual trust, as well as shared responsibility for transfer student success and a shared commitment to continuous improvement. Some of the 2021 Aspen Award finalists have remarkable transfer strategies that they have built […]
In general, credit risk in repurchase agreements depends on many factors, including the terms of the transaction, the liquidity of the security, the specifics of the counterparties involved, and much more. The central bank can increase the total money supply by buying government bonds or other government bonds from commercial banks. This action provides […]
The Law Society of Saskatchewan Rules (Rule 1901) advocates two special types of contracts of employment. The first type mentioned and most commonly used by lawyers is an agreement that provides that you will be hired by a client to act on behalf of the client for one or more specific cases. The second […]
