During the course of entering into a business relationship or during the existence of a business relationship amid the parties – It is common for the parties to exchange certain confidential information with each other. Accordingly, the parties will execute a non-disclosure agreement (NDA) to protect the confidential nature of the information exchanged amid them […]
Each transaction of supply of goods/services will involve two aspects supply of goods/ services by the Supplier and acceptance of such goods/services by the Customer. Typically, the Supplier and the Customer will enter into a Master Service Agreement (MSA) for the provision of supply of certain goods/services. Pursuant to MSA, the Supplier will supply the […]
In regular course of business companies/persons will enter into a contract to establish a legitimate business relationship amid the parties and to clearly define the legal/business terms and conditions of such business relationship. At times, the parties may need to add/alter certain terms and conditions of such business contract as a consequence of the changing […]
Non-Disclosure Agreement (NDA) is all about the prospect of according confidentiality treatment and protection to the confidential information exchanged and shared amid the parties pursuant to the NDA. Confidential Information definition is heart of the NDA as the core aspect of NDA is to regulate and govern the usage of confidential information by the recipient […]
Each party to a contract will be bound to observe the terms and conditions of the contract and will have to honor such party’s duties and obligations as stipulated in the contract. Any negligence in honoring the duties and obligations by a party will amount to breach of the contract and will land such party […]
In the corporate world, each company will have a separate devoted team to monitor the legal/compliance aspects of such company. One part of such legal/compliance aspect is to ensure company compliance with the terms and conditions of the contracts entered and executed by such company. Each party to a contract will have to observe dedicated […]
For people who are outside the contract drafting domain an executed contract will be a mere contract only. But contract negotiators/business deal makers will perceive executed contract as standard and non-standard contracts from legal and business perspective. A Standard contract template will be designed by a company to reflect the legal and business terms/conditions of […]
A contract typically will be executed amid two parties who are legally qualified to enter and execute a contract. A contract once executed will be binding on the persons/companies who are parties to the contract. An executed contract can be unilateral or mutual contract based on the application of the terms and conditions of the […]
In the service industry, the business deals amid the Supplier and the Customer will be effectuated via execution of a Master Service Agreement. Master Service Agreement (MSA) is the prime document amid the Supplier and the Customer establishing a legal business relationship amid the Supplier and the Customer in relation to supply of certain goods/services. […]
Contract drafting is a process where in the drafting person will draft a contract from the starting point (Title of the Agreement) to the end point (Miscellaneous segment/signature block). In contract vetting process, drafting person will be a reviewer and will just work on the existing contract template (which is already drafted one) to do […]
