An installment contract involves one party performing in a series of installments, such as a car loan or a coffee delivery agreement. Breach of contract can result in termination or legal action. Careful review and legal advice are recommended before signing an installment contract. An installment contract is a contract in which one party performs […]
A head of agreement outlines general points and conditions that must be met in a contract. It is not legally binding but serves as a template for the actual contract. It can become legally binding if both parties agree to it and certain terms are set out in detail. A head of agreement is basically […]
Agreement and satisfaction settles a debt or claim for less than the full amount owed. It establishes a new contract, but non-compliance can result in legal consequences. It can be reached on someone else’s behalf, with supervision or informally. An agreement and satisfaction is a legal agreement that is designed to settle a debt or […]
A termination agreement is a legal form used to end an agreement or arrangement, such as employment or a lease. It outlines the rights and responsibilities of both parties and may include clauses asking employees to waive their rights. It is important to review and consult with a lawyer before signing. A termination agreement is […]
A dissolution agreement ends a business partnership, absolving parties of obligations to each other and the company. It includes an introduction, history, conclusion, asset/liability division, responsibilities, and release from future claims. It should be signed in front of a witness or notary public and can be simple or drafted by a professional. A dissolution agreement […]
An interest rate agreement, also known as an FRA or forward rate agreement, is a financial contract where the buyer compensates the seller if the interest rate identified in the agreement varies from a predetermined figure. The contract includes a structure to bid payments based on rate status at specific times during the agreement’s life. […]
A payment agreement outlines the terms of a payment plan for a loan or expense, including the amount, interest, repayment start date, and penalties for non-compliance. Standard agreements are available, but parties can also draft their own or consult an attorney. It’s important to keep copies of the agreement and payment records in case of […]
Supplemental agreements modify existing contracts, allowing changes to be made without renegotiating an entirely new contract. They can add or remove provisions and are legally binding. Some prefer creating a new contract to avoid confusion, while others find it a useful tool. Supplemental agreements are legally binding documents used to modify contracts that are already […]
A storage lease agreement is a legal contract between the lessor and lessee, often standardized by commercial depot rental companies. It includes terms on length, rates, access, maintenance, and restrictions. It can be useful for resolving conflicts and managing rental properties. A storage lease agreement is a legal agreement between a party who provides rented […]
Third party agreements are legal agreements between a third party and two named parties, which can designate responsibility for fulfilling the contract or indicate benefits for a non-signatory. Banks are common third parties, and securities law often involves third-party beneficiaries. Contracts are usually agreements between two named parties. Third party agreement is a legal term […]
A trademark license agreement allows a trademark owner to grant others the right to use their trademark without transferring ownership. It is important to enforce quality control to protect the brand’s reputation. The agreement must identify the brand, licensor and licensee, trademark rights, and types of products or services. Trademark licensing agreements are not required […]
A purchase agreement is a legal document used when a buyer makes an offer to purchase real estate. Once signed, it is binding on both parties and includes the purchase price and financing terms. If either party breaches the contract, contract laws are used to resolve disputes. The seller can reject, accept, or make a […]
A sponsorship agreement is a legal document in which an individual or entity agrees to support another party’s events or activities through financial support or provision of goods/services. The contract regulates the amount and timing of support and how the sponsor will be represented. Sponsorship benefits all parties involved, and the primary benefit for the […]
A written and signed contract is essential for a finder’s commission agreement. The agreement should include the commission percentage, when the commission will be earned, and how payment will be made. Negotiations with the seller determine the final commission amount. A lawyer should draft and notarize the agreement. A finder’s commission agreement should be viewed […]
A UCC 1 agreement is a written deposit that declares a lender’s interest in a borrower’s property used as collateral for a loan. It creates a lien, securing the loan, and debtors file it with the secretary of state. The agreement must provide information about the debtor, property, and debt. When the debt is paid, […]
A termination agreement is a legal contract that releases one party from liability and any legal claims arising from a situation, enforced by a court with adequate consideration. They are common in employment termination and out-of-court lawsuit settlements. Both parties must trade something of value for the agreement to be valid. A termination agreement is […]
The Uniform Presentation Agreement is used for arbitration between parties to avoid lengthy and costly court battles. It outlines the arbitration process and confirms commitment to accept the decision reached. The agreement may include rules of conduct and binds parties to follow the decision. The Uniform Presentation Agreement is a document that is commonly used […]
A grant agreement is a negotiated contract that gives a company the right to do business with specific requirements. It can refer to a contract between a foreign company and a government or an agreement that gives a dealer the exclusive right to do business in a particular area. The term “grant agreement” is used […]
A standard lease agreement is a month-to-month agreement between a tenant and landlord, but may differ in terms and legal rights. Parties can change status each month, with notice required for moving or changing terms. Contracts may include limits on pets, occupancy, and liability. Clear agreements benefit both parties, and canned agreements should be checked […]
A mutual confidentiality agreement, also known as a mutual non-disclosure agreement, protects trade secrets and insider information. Both parties agree not to disclose confidential information, with legal recourse if breached. It is often used in business transactions and includes a definition of confidential information, length of time to keep it confidential, and available remedies. The […]
