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Coercion (Section 15): "Coercion" is the committing, or threatening to commit, any act forbidden by the Indian Penal Code under(45,1860), or the unlawful detaining, or threatening to detain, any property, to the prejudice of any person whatever, with the intention of causing any person to enter into an agreement. For example, "A" threatens to ...
The activities and intentions of the parties entering into a contract may be referred to as contracting. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission. [2] A binding agreement between actors in international law is known as a ...
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is ...
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).
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In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer).
An agreement between two parties can enter into force in two ways. The first is when both parties have met specified terms for entry in the agreement. The second way in which a treaty enters into force is when both parties decide to be mutually bound to the agreement as of a certain date.
The Gentlemen's agreement of Andhra Pradesh has a precedent in the Sri Bagh Pact of 1937 which was between the leaders of Rayalaseema and Coastal Telugu speaking districts of Madras State to provide assurances for Rayalaseema in return for their willingness to join Andhra State. This unbinding pact was largely forgotten probably because of the ...