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  2. Letter of understanding - Wikipedia

    en.wikipedia.org/wiki/Letter_of_understanding

    A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service , a project or a deal and is often written as a step before a more detailed contract is issued.

  3. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Letters of credit are also sometimes used as part of fraudulent investment schemes. [31] In the international banking system, a letter of undertaking (LOU) is a provisional bank guarantee, under which a bank allows its customer to raise money from another bank's foreign branch in the form of short-term credit.

  4. Letter of comfort (contract law) - Wikipedia

    en.wikipedia.org/wiki/Letter_of_comfort...

    A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.

  5. Diplomatic correspondence - Wikipedia

    en.wikipedia.org/wiki/Diplomatic_correspondence

    A letter of credence (lettres de créance) is the instrument by which a head of state appoints ("accredits") ambassadors to foreign countries. [ 2 ] [ 3 ] Also known as credentials , the letter closes with a phrase "asking that credit may be given to all that the ambassador may say in the name of his sovereign or government."

  6. Demand guarantee - Wikipedia

    en.wikipedia.org/wiki/Demand_guarantee

    Major differences distinguish letters of credit from "demand guarantees"; in the latter instrument the obligation to pay is conditioned within the terms of the bank's promise, therefore if the demand guarantee is payable upon the beneficiary's written first demand he is assured payment notwithstanding any defence related to any other underlying ...

  7. Transfer of Undertakings (Protection of Employment ...

    en.wikipedia.org/wiki/Transfer_of_Undertakings...

    it also now applies explicitly to a 'service provision change', i.e. contracting out services. An example of this case is RCO Support Services, r.3(1)(b) the regulations make clear that a service which is merely performing a 'single specified task' does not fall within TUPE, r.3(3)(a)(ii)

  8. Joint and several liability - Wikipedia

    en.wikipedia.org/wiki/Joint_and_several_liability

    For example, where an uninsured drunk driver causes an accident that results in injury, the plaintiff may sue an additional defendant, along with the drunk driver, such as suing the state highway department alleging that a highway defect contributed to the accident, hoping that the additional defendant will be found partly responsible.

  9. Letter of undertaking - Wikipedia

    en.wikipedia.org/?title=Letter_of_undertaking&...

    From Wikipedia, the free encyclopedia. Redirect page. Redirect to: Letter of credit

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