contract is a legally binding agreement. Stated another way‚ "a contract is a promise or a set of promises for the breach of which the law gives a remedy‚ or the performance of which the law in some way recognizes as a duty." (Restatement‚ Contracts‚ 2d) study hint. The essence of a contract is that (1) by mutual agreement (2) parties create obligations that can be legally enforced. 2. ELEMENTS OF A CONTRACT Elements of a valid contract are: (1) an agreement; (2) competent parties; (3)
Premium Contract Contract law
Violence Against Women in Intimate Relationships Domestic violence is a conscious behavior in which acts of violence and aggression are carried out by one person in a relationship to dominate the other. This violence consists of deliberate verbal‚ sexual‚ emotional‚ psychological‚ and physical abuse‚ along with social and economic deprivation. Statistics and studies show victims of domestic violence are mostly women and their children‚ but men are victims as well. Friends‚ spouses‚ boyfriends
Premium Domestic violence Abuse
An offset agreement is a stipulation made between a foreign supplier and a company which requires the supplier to purchase a certain amount of goods from that country in exchange for a contract. Offset agreements can be direct or indirect‚ depending on what raw materials the country may have. These agreements are often required in order to award a foreign contract to a large company producing valuable goods. A direct offset agreement means that the supplier has agreed to buy something from the
Premium Contract Gentlemen's agreement Award
Prenuptial Agreements The Uniform Premarital Agreement Act is a regulation that allows the parties of a premarital contract to choose the states jurisdiction under which their contract will fall. A couple can choose any state in which one of the parties live or plans to live or the state in which the couple will be married. Because this act has not been passed in all states‚ parties to a prenuptial contract are also limited to choosing only the states that have passed the Uniform Premarital Agreement
Premium Marriage Prenuptial agreement Alimony
Employment Agreement (Sample) THIS AGREEMENT made as of the ______day of__________________‚ 20__ ‚ between [name of employer] a corporation incorporated under the laws of the Province of Ontario‚ and having its principal place of business at _______________________(the "Employer"); and [name of employee]‚ of the City of ____________________in the Province of Ontario (the "Employee"). WHEREAS the Employer desires to obtain the benefit of the services of the Employee‚ and the Employee desires to render
Premium Employment
Should employers use noncompetition agreements or other restrictive covenants? If so‚ under what circumstances? What should an employer do if someone that the employer wants to hire is a party to a restrictive covenant with a previous employer? A noncompetition agreement is a type of “restrictive covenant‚” i.e.‚ a promise by an employee not to engage in certain behavior that is contrary to the employer’s interests. A covenant “not to compete” generally is a promise that the employee will not
Premium Employment
MEMORANDUM OF AGREEMENT THIS AGREEMENT made between ………………………………………………….. …………………………………………………………………………………………..of ……………………………………..signature …...……………….………………… (hereinafter called ‘the Employer’) of the one part and ………………………………. ………………………………………………………………………………………….. of ………………………………………signature.…………………………………….. (hereinafter called ‘the Project Engineer) of the other part. WHEREAS the Employer is desirous that certain Works should be constructed‚ viz Contract Name …………………………………………………………………………
Premium Money United States dollar Contract
Arbitration Agreement between the parties prior to the emergence of the dispute. As per Section 7‚ such an agreement must be in writing. The contract regarding which the dispute exists‚ must either contain an arbitration clause or must refer to a separate document signed by the parties containing the arbitration agreement. The existence of an arbitration agreement can also be inferred by written correspondence such as letters‚ talex‚ or telegrams which provide a record of the agreement. An exchange
Premium Dispute resolution Mediation Arbitration
Introduction: The Agreement on Agriculture is an international treaty of the World Trade Organization. It was negotiated during the Uruguay Round of the General Agreement on Tariffs and Trade‚ and entered into force with the establishment of the WTO on January 1‚ 1995. The Agreement on Agriculture is one of the two main sectoral agreements in the Uruguay Round Agreements that provides the specific rules in the liberalisation of agricultural products. The other one is the Agreement on Textiles. As
Premium World Trade Organization Developed country International trade
TREATY AND 1997 KOSI STUDY AGREEMENT Dr. AB Thapa Summary: The 1966 Revised Kosi Treaty is a landmark treaty entitling Nepal absolute right to use the entire water of the Kosi in whatever way Nepal pleases. The amendment of the Kosi treaty from 99 to 199 years solely serves Nepal’s interest. There is no justification in blaming King Mahendra for this amendment to 199 years. The 1997 Kosi Study Agreement has paved the way for implementing
Premium Dam Nepal Bihar