Service Agreements

A Brief Introduction to the Foundry Agreement A foundry is a manufacturing plant where castings are manufactured by softening metal,melting it into a form, and letting it set. Regardless of whether you have ever been to a foundry, or even realize what one resembles, you are surrounded by the metal castings they produce. A Foundry […]

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What Is a Promissory Note and Security Agreement? A Promissory Note is a binding legal document in which the borrower of funds promises to repay them under specific terms. It usually states the date when payment is due and includes specific terms affecting repayment, such as interest rate. A promissory note can either be secured […]

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What Is Tax Receivable Agreement? When there is a binding contract between a company and its founders to include arrangement regarding tax sharing, then it comes under tax receivable agreement accounting. It also obligates the IPO Company to make cash payments per year to the pre owners of IPO. This agreement helps in around 85% […]

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As per the System Integrator Agreement, the IT service provider agrees to install and supply the new IT system, which also includes some other elements software, hardware, ongoing support, integration services, maintenance service, and license for the rights of Intellectual property rights. It elaborates more on the obligations of both the parties involved. What Is […]

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Brief Introduction About Roaming Agreement Legal roaming is a business aspect. A stipulated roaming agreement helps obtain details on the roaming partners and billing of the services. Generally, the GSM association outlines the content and scope of the agreement. What Is the Roaming Agreement? This agreement is made to get the subscription for registration on […]

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The fleet service agreement is a legally enforceable agreement that considers the safety concerns of the ship owners, managers, and superintendents working in the ship. The aforesaid agreement establishes a formal relationship between the maintenance providing company and fleet owners. What Is Fleet Service Agreement? Generally, a Fleet Services Agreement is a legal contract between […]

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A Brief Introduction About the Hosting Agreement Hosting agreement is a legal document that is entered by two parties, namely, website hosting company and the customer. The terms of a hosting agreement specify the rights and obligations of both parties. These terms govern the relationship between the parties. In other words, the parties to an […]

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A Brief Introduction About the Reseller Agreement Using resellers is a great way to expand the supply and distribution of your product/service. It allows you to enter new markets or cater to niches in the market that you might not have thought of entering before. A reseller agreement is a legally binding document drawn between […]

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What Is the Project Agreement? The project agreement is an agreement made between the owners or developers of a construction project and the trade unions. Both the owner/ developer of a construction project and the trade unions are required to carry out the construction work. When Do You Need a Project Agreement? Project labor agreement […]

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What Is a Restricted Stock Agreement? As commonly understood, an agreement that places certain restrictions on the stockholder’s rights with respect to the shares being issued is referred to as an RSA. The need for a restricted stock agreement emerges during issuing restricted shares to new owners of a start-up. Most of the new companies […]

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What Is a Tax Sharing Agreement? A contractual agreement created to define the economic expectations among members of a group of corporations used to consolidate/combine tax returns is called a ‘tax sharing agreement.’ In other words, such an agreement describes the situations when one member of the group be expected to owe or receive economic […]

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An interconnection agreement or an interconnection security agreement is being entered into by the telecommunication businesses for exchanging telecommunication traffic and interconnecting networks. They are used in both the internet and the public switched telephone networks. In public switched telephone networks, the interconnection agreements provide for settlement fees, which are determined based on the source […]

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