Back-to-back contracts may involve challenges like potential inconsistencies, legal constraints, and drafting errors. English law and other jurisdictions may restrict incorporating certain clauses by reference, requiring explicit language in the subcontract. A back to back contract can refer to many diff...
There are two benefits associated with the use of a reciprocal grantback clause. First, it improves efficiency by reducing the (minimum) contract compatible royalty rate to zero. As a result, the production becomes efficient because both the licensor and the licensee produce at the same marginal...
Clawback Clause in a Contract Aclawback clausein contracts is a legally binding provision between employees and their employers that seek to bar employees from engaging in unethical practices like fraud or misinformation. The clawback definition stems from the concept of reclaiming back the earlier ...
Chelsea have the option of re-signing AS Roma striker Tammy Abraham for around €80 million next summer due to a buy-back clause in his contract, according to transfer expert Fabrizio Romano. Abraham, who has four years left in his contract at the...
Sample 1See All (9)Custom Clause Generator SaveCopy Lien Holdback. (a) The Owner shall withhold from each payment with respect to the Fixed Contract Price due to the Contractor during the Project, the Lien Holdback Amount. The Owner may increase the Lien Holdback Amount by the amount of ...
Client Background. IP means all title, copyright and other intellectual property rights in and to any Client Materials provided by the Client to Micromine, and any other intellectual property rights b...
s already been paid out must be returned to the employer or the firm. This is a special contractual clause, used mostly in financial firms, for money paid for services to be returned under special circumstances or events as stated in the contract. Clawbacks involve a penalty, making them ...
Officials of the machinists union, which has a no-strike clause in its contract with United, have declined to discuss their position. In a related matter, published reports indicated that because of the strike, United might be vulnerable to a take-over attempt. Trading in United stock picked...
Looking to sell your home while you live there? It's not an easy task, but it's definitely one you can handle with the right preparation. Kristi WaterworthApril 9, 2025 Should Your Agent Be a Friend? Real estate deals aren't personal, they're business, and working with a friend might...
Clawbacks are used primarily in the financial industry but they can also be found in government contracts, pensions, and Medicaid. Investopedia / Mira Norian Understanding Clawbacks Clawback clauses have increased since the financial crisis of 2008 because they allow a company to recover incentive...