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An investor might be seeking more favourable terms under the contract or might need the side letter to enter the venture under terms to meet regulatory requirements. [ 3 ] In Barbudev v Eurocom Cable Management Bulgaria Eood and others (2011), the High Court decided that a side letter provided an opportunity to invest on terms to be agreed, and ...
The American Federation of State, County and Municipal Employees (AFSCME) is the largest trade union of public employees in the United States. [2] It represents 1.3 million [1] public sector employees and retirees, including health care workers, corrections officers, sanitation workers, police officers, firefighters, [3] and childcare providers.
The United States Postal Service and the union representing nearly 200,000 mail carriers came to a tentative agreement on a new contract Friday. The agreement, which covers work from 2023 until ...
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).
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
Southwest, pilots reach tentative agreement for contract worth $12 billion. Samantha Delouya, CNN. December 20, 2023 at 1:41 PM. Kiichiro Sato/AP.
A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between a business customer and its supplier. With this kind of contract, the customer either takes the product from the supplier or pays the supplier a penalty. For any product the company takes, it agrees to pay the supplier a certain price, say ...
A union security agreement is a contractual agreement, usually part of a union collective bargaining agreement, in which an employer and a trade or labor union agree on the extent to which the union may compel employees to join the union, and/or whether the employer will collect dues, fees, and assessments on behalf of the union.