What Is Outsourced and Custom Development Agreement? Outsourced and Custom Development Agreement is drafted when one party plans on outsourcing the software or application development job to an agency or individual. This software development outsourcing contract works as evidence of the deal between the outsourcing party and the outsourced agency. It specifies all the terms […]
A Brief Introduction About the Syndicated Term Loan Agreement A syndicate term loan is also known as a Syndicated Bank facility, which helps in providing funds to a single borrower with the help of a group of lenders. The borrower can be a large project or a government project. The loan will be a fixed […]
What Is a Copyright Collateral Agreement? In a loan transaction, the borrower is required to provide his assets to the lender as evidence of security. When the debtor uses his copyright license to secure the loan amount, the resulting collateral is termed as Copyright Collateral. A Copyright Collateral Agreement is therefore executed between the borrower […]
What Is a Wholesale Distribution Agreement? A wholesale distributor agreement is entered into between two parties, the manufacturing company and the distributor. The distributor needs to restrict the sale of the products within the territory defined by the company. The product and the geographical area within which the distributor has to sell the goods are […]
What Is a Surrender of Collateral Agreement? The Surrender of Collateral Agreement, as the name suggests is a contractual document between the lender and the borrower, wherein the latter voluntarily surrenders the collateral asset against which he or she had secured a loan from the former. It is typically entered into by the lender and […]
The requirement of a second loan modification arises in case the borrower is unable to repay the loan amount within the terms and conditions of the existing loan and wants to extend the duration of the loan tenure to repay the same. What Is the Second Loan Modification Agreement? A second Loan Modification Agreement includes […]
Brief Introduction About Restructuring Agreement Restructuring is a common corporate practice. It refers to changes made within a company that affects its approach to the business. It is carried out to help the company run easily. Some areas that are usually restructured are the company’s capital, its ownership and control, and management. This is brought […]
What Is the Software Cross License Agreement? The software cross license agreement is a valid contract between two parties. Both entities grant the rights to each other. This right is for the utilization and development of products of technology and software. The agreement provides the party with the license to use the technology. Such could […]
A Brief Introduction About the Lock Up Agreement What is lock up agreement? An agreement between a company or its underwriters and the stockholders at the time of an Initial Public Offer (IPO) or Capital Increase is a Lock-Up Agreement. The stockholders are generally the key insiders of the company – the executives, venture capitalists, […]
Collateral is defined as a thing that is pledged to a lender to secure a loan. It is generally an item that has considerable value and can be used to recover the loan amount. If the loan is not repaid, the lender can sell the collateral and recover the money. However, if it is repaid, […]
Raising capital can be difficult for a private company since there are various restrictions placed by law as to who can invest in them. In such a scenario, it cannot seek investors by itself as that would involve spending a lot of money and time. It can instead hire a placement agent through the Placement […]
A subordination agreement is a legal funding agreement which is instrumental in establishing the lower priority of one debt over the other and the higher priority loan is known as the senior debt. Whenever a company goes into liquidation, repayment of debts and liabilities takes place in order of priority and to avoid any dispute […]