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An option contract is a type of contract that protects an offeree from an offeror's ability to revoke their offer to engage in a contract. Under the common law, consideration for the option contract is required as it is still a form of contract, cf. Restatement (Second) of Contracts § 87(1).
An offer letter is typically a good faith effort by an employer to provide clarity regarding the position for which you just spent months interviewing. "Congrats, you're hired!" When you hear ...
A goodwill letter is a formal letter sent to a creditor, lender or collection agency to request forgiveness for a late payment or other negative item on your credit report. In the letter, you ...
Negative option billing is a business practice in which customers are given goods or services that were not previously ordered, and must either continue to pay for the service or specifically decline it in advance of billing. [1] This is, for example, the model on which mail order services, such as Columbia House, [2] and other book clubs are ...
New traders may be enticed by the potential of buying deep out-of-the-money options, because they offer a low price — perhaps just $0.10 or $0.15 per contract. If they surpass the strike, the ...
Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Standardized templates for loan agreements can assist in ensuring all critical terms and clauses are included. [4]
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