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An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.
Res inter alios acta, aliis nec nocet nec prodest (Latin for "a thing done between some does not harm or benefit others") is a law doctrine which holds that a contract cannot adversely affect the rights of one who is not a party to the contract. " Res inter alios" has a common meaning: "A matter between others is not our business."
The principle in accordance with this is called 'Do No Significant Harm' (DNSH). [19] Aside the 6 environmental objectives, the EU taxonomy also set forth four (4) requirements to be met by an economic activity in order to be taxonomy oriented: [20] making a substantial contribution to at least one environmental objective.
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.
The Basic Principles and Guidelines were placed before the UN General Assembly in its 60th sitting. On 16 December 2005, the United Nations General Assembly adopted the Basic Principles and Guidelines as Resolution A/RES/60/147 (2005) by consensus. [16] The Basic Principles and Guidelines were officially published by the United Nations in 2006.
Primum non nocere (Classical Latin: [ˈpriːmũː noːn nɔˈkeːrɛ]) is a Latin phrase that means "first, do no harm". The phrase is sometimes recorded as primum nil nocere . [ 1 ] [ 2 ]
In law, damnum absque injuria (Latin for "loss or damage without injury") is the principle of tort law in which some person (natural or legal) causes damage or loss to another, but does not injure them.
Contra proferentem (Latin: "against [the] offeror"), [1] also known as "interpretation against the draftsman", is a doctrine of contractual interpretation providing that, where a promise, agreement or term is ambiguous, the preferred meaning should be the one that works against the interests of the party who provided the wording.