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Credit facility. A credit facility is an agreement in terms of which a credit provider supplies goods or services, or pays an amount to the consumer. The consumer's obligation to pay the price or repay the money is deferred, in exchange for which the consumer pays interest and fees. Examples of a credit facility are credit advanced.
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1][ 2] If a victim makes the payment, the ...
e. A retainer agreement is a work-for-hire contract. It falls between a one-off contract and permanent employment, which may be full-time or part-time. [ 1] Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later. The purpose of a retainer fee is to ensure that the employed reserves ...
Take-or-pay contract. A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between companies and their suppliers or customers. With this kind of contract, the company/customer either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, it agrees to ...
Schools are not required to publish their school fees publicly, and many schools are secretive about it, but here are some examples of school fees in non-private schools in South Africa: The Settler's High, Bellville: R15200 per child per year [21] Monument Park High, Kraaifontein: R9000 per child per year [22]
Fee reforms were implemented in the Legal Aid, Sentencing and Punishment of Offenders Act 2012. [24] Under the new arrangements, claimants with contingent fee agreements still do not pay upfront fees or have to cover their lawyers' costs if the case is lost. [24] If they win then they pay a "success fee" that is capped at 25% of the awarded ...
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract ", [ 1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation. Contract law provides a legal framework within which ...
In 1995, much of the law developed by the Commission and the Industrial Court was put together in the Labour Relations Act 1995 (LRA). Since then, most labour law has been based on statute. Prior to 1995, an employee could be dismissed in terms of the contract of employment, which could permit any reason for dismissal.