What Is a Placement Agreement? Hiring new employees requires significant contractual documentation. For this, the employer should create a job description and then find the candidate that matches the description the best. On the basis of that shortlisting, prospective hires are selected, compensation is discussed, along with other miscellaneous details and then a placement contract […]
Brief Introduction About Cross Collateralization Cross Default Agreement A cross collateralization and cross default agreement is signed between a lender and a borrower. This agreement is valid if a borrower has more than one type of loans with the same bank. Each of those loans should be secured with a collateral. In such case, this […]
What Is a Charity Plan Agreement? A Charity Plan Agreement is drafted when a company or individual decides to donate money or other precious objects to a non-profit organization. The agreement is evidence of the deal signed between the donor and the donee, ensuring that the recipient of the Donation will not utilize the money […]
What Is the Federal Coal Lease Agreement? Federal Coal Lease Agreement is the legal document that specifies the duties and rights of the federal government and the company the contract is leased out to. The agreement is drafted when the federal government plans on leasing the public land to the company for coal mining. The […]
What Is the Technology Cooperation Agreement? Technology Cooperation Agreement is designed to increase the cooperation in terms of technical sectors, scientific knowledge, and research between two organizations. Another purpose of drafting the contract is to ensure the social and economic development of the parties by allowing them to share technology. The contract lays out the […]
A Brief Introduction of Long Term Incentive Plan Over the years, with more organizations and startups coming up, it has become really difficult for any organization to retain its employees. Employees are constantly looking for better opportunities in terms of money and role, and they are switching fast. A company in today’s time spends a […]
What is a Debt Conversion Agreement? A Debt Conversion Agreement, as the name suggests is a contractual document between the lender and the borrower, which creates a convertible debt — converting debt to equity. Of course, this acts like an option rather than as a forceful compulsion. It is typically entered into by the Investor […]
What Is a Debt Settlement Agreement? A debt settlement agreement is a contract drafted between a creditor and a debtor when the debtor requires early settlement or a reduced payment due to his inability to pay back his debts. This agreement is mainly used to compromise. This usually happens when the debtor only owes the […]
What Is an Operating Services Agreement? An operating services agreement is an internal agreement in an organization that defines the internal support relationships of the organization. It is used by service providers to describe how service level agreements should be met. An operational service level agreement is a contract between a service provider and a […]
What Is a Collateral Account Agreement? A Collateral Account Agreement or Cash Collateral Account Agreement is executed by the borrower as security against the loan undertaken by him. This is a legal arrangement where in the debtor is required to provide collateral so that the lender is assured that he can recover the sums due […]
An underwriting agreement is entered into between a company issuing shares and an underwriter. An underwriter, in this agreement, promises to meet any shortfall of minimum subscription when the company issues securities. In return, the company pays the underwriters a fee that is based on a percentage of the total shares underwritten. These securities taken […]
Brief Introduction About Commercialization Agreement A commercial agreement can be defined as an agreement between two or more entities for collaborating on the commercialization of one or more products or services. Whenever an entity would launch a new product or service into the market, it comes under the purview of commercialization definition. As part of […]