A mutual confidentiality agreement is often used when both parties wish to enter into a business transaction. For example, an inventor may want to license a process to a business owner, but may have concerns about the owner stealing the ideas that he or she learns of during business meetings...
But, now that my father has had to go to court over something, I realize that most of the time you really want to avoid it. Going to court can be a long, expensive and painful process. If you can settle out of court with a mutual release agreement you should definitely do that. ...
A mutual agreement is when two parties undertake obligations to each other to do, or refrain from doing, one or more defined actions.A mutual agreement can be oral or in writing and is also known as a contract. Requiring agreements to be mutual to be enforced is a relatively new concept....
One party exonerates the other from any liability caused by the incident in exchange for something of value (usually money). Sometimes both parties may say that the other party is responsible for any damage or injury. In this case, they can sign a mutual release agreement. In the event that...
A bilateral tax agreement, a type oftax treatysigned by two nations, is an arrangement between jurisdictions that mitigates the problem ofdouble taxationthat can occur when tax laws consider an individual or company to be a resident of more than one country. ...
A meeting of the minds is synonymous with mutual agreement, mutual assent, and consensus ad idem. This is a Latin phrase that means all of the parties involved in a legalcontractagree to its terms and conditions.As such, a meeting of the minds is the time at which all parties acknowledge...
An offer is a clear intention to enter into a legally binding agreement. It marks the first step in creating that agreement. Think of it as an initial proposal. One party outlines what they will do or provide. This invites the other party to consider it. Once an offer is made, the rec...
control over your IP.While a cobranding agreement explains how your IP should be used, once you’ve signed the contract, you in some ways release control over that material. Your partner company may create materials that you don’t appreciate without violating the terms of the agreement. ...
Restaurant Services: When you walk into a restaurant, sit down, and order a meal, there is an implied offer to provide food in exchange for payment. The agreement is formed without explicit verbal communication but is understood by both parties. Public Transportation: Taking a taxi or boarding...
2009) between the two agents (operator and machine), i.e., a mutual understanding of the contexts concerned: the automated system must be able to identify relevant characteristics of the situation and understand human goals and actions; whereas the human may need to understand how automation ...