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Limitation clause: The clause places a limit on the amount that can be claimed for a breach of contract, regardless of the actual loss. Time limitation : The clause states that an action for a claim must be commenced within a certain period of time or the cause of action becomes extinguished.
In a non-exclusive distribution agreement, the supplier may use other distributors, mitigating the above concern. However, at the other end of the spectrum, the supplier may have several distributors, and this may amount to a glut of them in the market, such that distributors have difficulty due to fierce competition on price and terms.
Concession agreement may also state the role of an authority and concessionaire and conditions regarding control and ownership of the assets and facilities such as concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an ...
In contract law, a forum selection clause (sometimes called a dispute resolution clause, choice of court clause, governing law clause, jurisdiction clause or an arbitration clause, depending on its form) in a contract with a conflict of laws element allows the parties to agree that any disputes relating to that contract will be resolved in a specific forum.
Each team has one franchise tag (of either the exclusive or non-exclusive forms) and one transition tag per year. In most seasons, the transition tag can only be used if the team does not use a franchise tag; with exceptions as stipulated in the Collective Bargaining Agreement (CBA). For example, Article 10 of the CBA signed in 2011 stipulated ...
Many banking institutions maintain client privacy through confidentiality agreements. Some, akin to attorney–client privilege, offer banker–client privilege.. A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement (SA), is a legal contract or part of a contract ...
An exclusive right, or exclusivity, is a de facto, non-tangible prerogative existing in law (that is, the power or, in a wider sense, right) to perform an action or acquire a benefit and to permit or deny others the right to perform the same action or to acquire the same benefit. Exclusive rights are a form of monopoly.