What Does ‘Without Prejudice’ Mean?
The term ‘without prejudice’ is used in legal negotiations to help parties to a dispute make a genuine attempt to settle outside of court. It is a legal privilege thatRead More
What is a Deed of Guarantee?
A Deed of Guarantee is a binding legal document under which one party (the guarantor) agrees to guarantee that certain obligations of another party will be met. In doing so,Read More
What Is a Deed of Indemnity?
A deed of indemnity refers to a contractual agreement between a company and a company director or officer. Whilst having a deed of indemnity is not a requirement for eitherRead More
What is a Sunset Clause?
A sunset clause refers to a provision in a contract that limits how long a contract is valid for – meaning that after the specified date, the document will noRead More
What is a Greenfields Agreement?
A greenfields agreement refers to an enterprise agreement that is related to genuine new enterprises before employees are employed. This enterprise agreement is unique as it is negotiated between theRead More
What is a Bill of Exchange?
A bill of exchange is a formal, written instrument that binds one party to pay a certain sum of money to another person on demand or at a predetermined date.Read More
Ending A Contract With A Deed Of Termination
Regardless of the line of business you operate in, contracts will continually be entered into with various stakeholders – customers, suppliers, partners or many other parties. Sometimes ending a legallyRead More
What Are Boilerplate Clauses?
If someone is talking about boilerplate clauses, they are referring to the general or standard clauses of a contract. These clauses are deemed “boilerplate clauses” because they are included inRead More
Difference between a Memorandum of Understanding, Memorandum of Agreement and Contract
The difference between a Memorandum of Understanding (MOU), a Memorandum of Agreement (MOA) and a contract is that only contracts legally bind parties to an agreement. Both memorandums can beRead More