When it comes to business agreements, it`s essential to have a clear understanding of the terms and conditions. Among the different types of contracts, the firm price contract is one of the most common. It`s a type of agreement that lays out a specific price for a product or service, which remains fixed throughout […]
Monthly Archives: June 2023
Legal Term Extracontractual: Understanding Its Meaning and Implications In the field of law, certain terms can be tricky to decipher, especially for those who are not familiar with the legal jargon and its technicalities. One such term is extracontractual, which is often used in the context of insurance law and liability claims. So, what […]
As a professional, I have written this article on the topic “what is a psychological contract between employer and employee” that will provide a comprehensive understanding of the concept. The psychological contract is a mutually agreed set of expectations, beliefs, and obligations between an employer and an employee. It is a set of unwritten […]
The TRIPS agreement, otherwise known as the Agreement on Trade-Related Aspects of Intellectual Property Rights, is a convention established by the World Trade Organization (WTO). The purpose of this agreement is to protect intellectual property rights of individuals and companies and to ensure that these rights are respected globally. The TRIPS agreement was implemented […]
A service level agreement (SLA) is a vital contractual document outlining the responsibilities and expectations of the parties involved in a business transaction. In the world of assessors or appraisal companies, an SLA is necessary to ensure that clients receive the level of service agreed upon. This article delves into the importance of SLAs […]