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The landmark case Toshniwal Brothers (Pvt.) Ltd. vs Eswarprasad, E. and Others, decided in 1996, describes the legality of employment bonds in India.It holds that under the Indian Contract Act, 1872, contracts requiring an employee to pay a bond if they prematurely resign their employment are legal and enforceable, at least in cases where employers pay expenses like training for the employee. [2]
Scribd Inc. (pronounced / ˈ s k r ɪ b d /) operates three primary platforms: Scribd, Everand, and SlideShare. Scribd is a digital document library that hosts over 195 million documents. Everand is a digital content subscription service offering a wide selection of ebooks, audiobooks, magazines, podcasts, and sheet music.
The bond penalty is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that, should the bidder be successful, the bidder will execute the contract and provide the required surety bonds .
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
Under Vietnam's agreement with ASEAN on AFTA, Vietnam will meet the requirements on tariff and non-tariff reductions over a ten year period, beginning on 1 January 1996. [20] 1997. Laos and Myanmar joined the AFTA agreement on 23 July 1997. [21] Both Myanmar and Laos has been given time to reduce tariffs on the local goods to below 5% until ...
Mortgage rates rose for a fifth straight week as pre-election volatility continued to rock the bond market. The average 30-year fixed-rate mortgage was 6.72% in the week through Wednesday ...
Following Republican President-elect Donald Trump's resounding victory in this month's election, some U.S. pollsters are scrambling to understand why their surveys once again underestimated his ...
Oprah Winfrey shocked Gayle King with a special birthday surprise for her longtime friend. The heartwarming moment was captured in a video Winfrey shared to Instagram Dec. 14. In the clip, the duo ...