Contract

Contracts govern every aspect of our lives whether business, school or home. Adults sign contracts to buy a new car, lease an apartment, start a new job, obtain a student loan and even get married. Contracts are the source document by that promises to deliver a service, money or product. The days where men and women trusted one another and their word was their bond is long over especially in business. There is an old proverb “Better a lean agreement than a fat lawsuit.” (Book of Famous…

default rule that can be modified by contract. For example, a contract may provide a specific term of employment or allow termination for cause only. Typically, U.S. companies negotiate individual employment agreements only with high-level employees. Collective bargaining or Union agreements usually provide that represented employees may only be terminated for cause. Cause generally includes poor performance, misconduct, or economic necessity. An employment contract may specifically outline…

Contract. When most people hear that word they think of a time consuming piece of paper. Instead, they should think of an agreement or something that could possibly save them hundreds of dollars. Also, they should not just think of a piece of paper. For contracts to be enforceable, they do not have to be in writing. Yes, some contracts are on paper and sometimes there are some contracts that are required to be in writing, but there is also contracts that are electronic. Most verbal contracts are…

an auto you may appreciate the additional sentiment security with an auto benefit contract. You may feel constrained to buy an agreement to shield yourself from sudden repairs for your vehicle, that could wind up being very exorbitant. It's a guarantee to perform or pay for characterized repairs and administrations. Here and there it is known as a maintenance agreement, take note of that an administration contract is not a guarantee as characterized by government law. An auto guarantee that…

TBA: Klamath Project Draft C Flume Repayment Contract (OR/CA): Reclamation anticipates that the Klamath Irrigation District (KID) will sign a $7.45M loan repayment contract. The public comment period closed May 31, and the KID board of directors have indicated they will sign the contract shortly thereafter. Mid-Pacific Regional Director David Murillo will then sign the contract for Reclamation. KID has received bids for the construction work and has selected a preferred contractor. Site work is…

of a contract, a most important issue to consider is whether both parties have capacity to enter into a contract. In Alan and Bridget (parents) condition, Carlos (son) Company was in loss and was not able to repay the loan, decided to take a refinance, assuming the refinance will help the company comeback to its normal condition. Capacity states, the legal ability of the party to enter into a contract. Law will not support a party if their reason is simply a mistake or misunderstood a contract.…

establish it as “legally binding”: the agreement in itself, and consideration [1]. Within the agreement there lies an assortment of provisions that add to the legality of a contract. These include the offer [2], performance [3], terms [4], conditions [5], obligations [6], payment terms [7], liability [8], and default or breach of the contract [9] (Bailey, 2015). The agreement component involves offers, counter-offers, and eventually what Australian agreement law calls the “meeting of the minds.”…

Introduction – Risk sharing contracts are the agreements between any two groups that helps to identify and face the risks and benefits of the health care providing process. These contracts can take place between individual private practitioners and patients or among physician’s and hospital organization or physicians and insurers or among insurers and patients or among insurers and hospital institutions. (1)This contracts provides an ample scope to equally distribute the loss or gain during…

The law classifies among contracts of service and contracts for services. “A contract of service means there is an employer–employee relationship; a contract for services means there is a principal–independent contractor relationship” . A series of tests have been established to distinguish the working relationship of a person to understand if they are an employee or not. The Court of Appeal located terms of written contract between an employee and an independent contractor. In the ERA the test…

Outline the features and purpose of psychological contract “Psychological contract is the foundation of employee – employer relationship.” (Shahnawaz and Goswaki, 2011) Notably Schein (1970; p.12) mentions “The notion of the psychological contract implies that the individual has a variety of expectations of the organisation and that the organisation has a variety of expectations of him. These expectations not only cover how much work is to be performed for how much pay, but also involve the…