Definition Bilateral Contract A bilateral contract is a legal agreement formed between two parties where both parties involved give mutual promises that they both are legally obligated to perform an act in exchange for the other party’s act in future. It means the promise of one party is consideration supporting the promise of the other party. Each party is both promisor and promisee. A bilateral contract specifies a duty to act in exchange for another party’s duty to act. It is also called "reciprocal"
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Advanced Search Agreements What’s an agreement? Agreements set out the conditions of employment between: an employee or group of employees their employer. From 1 January 2010‚ only enterprise agreements can be made between employees and employers. Other types of agreements made previously under the Workplace Relations Act 1996 cover the conditions of individual employees‚ or a group of employees. These include: collective agreements AWAs (Australian Workplace Agreements) ITEAs (Individual Transitional
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The Four Agreements The Four Agreements After reading The Four Agreements by Don Miguel Ruiz I realized I’ve been living dreams of other people in my life and not my own. It was decided early on what I should do‚ what’s possible and what’s not. Starting at birth we are told what to think by our parents‚ schools‚ and church. Subconsciously‚ we have made agreements with them to live our life according to their rules. Don Miguel believes that these agreements are self-limiting and shares four
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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
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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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
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Twenty years ago the United States created an agreement including itself‚ Canada‚ and Mexico‚ named NAFTA‚ or the North American Free Trade Agreement‚ to relax the trading regulations and increase trade between itself and its two neighboring countries‚ along with a long term purpose to create a more competitive global marketplace originating from the North American continent. NAFTA is now the largest free trade agreement in the world with the world’s largest free trade area of 450
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DEVELOPMENT AGREEMENT THIS MEMORANDUM OF AGREEMENT is made on this the ………. day of …………………. 2011 (Two thousand eleven) in BETWEEN SMT. MINATI GUPTA‚ wife of late Amiya Shankara Gupta‚ previously resident of 63/2A‚ Suren Sarkar Road‚ Kolkata-700010‚ presently residing at 63/1A‚ Suren Sarkar Road‚ Kolkata-700010‚ P.S- Beliaghata‚ hereinafter called and referred to as the OWNER (which term or expression shall unless excluded by or repugnant to the context be deemed to mean and include her respective
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level plan as it guides every single project the Lend Lease participates‚ big and small and provides a framework for all other planning(Waddell et al. 2007‚ p336). It also supports Lend Lease’s strategic direction ‘to be the leading international property and infrastructure group’ (Vision-and-strategy 2012). The “property and infrastructure” are the industries which Lend Lease intends to compete and the “international” indicates that the Lend Lease competes in world wide markets. So this strategic direction
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MEMORANDUM OF AGREEMENT This Memorandum of Agreement (herein referred to as “Agreement”) is made and entered into the City of Cabanatuan‚ Philippines by and between: Land Bank of the Philippines “Land Bank of the Philippines” with office address at 3/F Land Bank Building‚ Gabaldon St.‚ Cabanatuan City‚ Represented by its Department Manager II‚ Nueva Ecija Lending Center‚ Mr. Eduardo N. Reyes‚ Jr.‚ herein after referred to as Land Bank of the Philippines. -and- WESLEYAN UNIVERSITY – PHILIPPINES
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