Business Law

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A commercial agreement is a legally binding contract between parties where both are required to do particular activities or refrain from doing something. They can be found in a variety of business types, including industrial, corporate, and retail.

A Joint Venture Agreement is a contract between two businesses or individuals who agree to work together to achieve a certain goal. A completed Joint Venture template should include details such as venture members, member responsibilities, venture goals, as well as the start and end date.

A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor.

A Power of Attorney is an instrument or a document that provides for the appointment of the Donee (a recipient of a power) as attorney of the Donor (a giver of a power) to give certain powers to the Donee for a specific aim. The appointment of the Donee must be stated clearly in the Power of Attorney document.

A shareholder agreement is a document involving multiple shareholders of a company, detailing the specific outcomes and actions that will be taken in the event of a shareholder leaving the company, whether voluntarily, involuntarily, or if the company ceases trading.

An Agreement of Purchase and Sale is a written contract between a seller and a buyer for the purchase and sale of a particular property. In the Agreement, the buyer agrees to purchase the property for a certain price, provided that a number of terms and conditions are satisfied. The process begins when the purchaser makes an offer, which is irrevocable for a certain time-period. If there are no counter-offers, the Agreement becomes a legally binding agreement if the offer is accepted by the seller, within the time-period set by the buyer. At this point, the Agreement cannot be cancelled unless both the buyer and the seller agree.

Divorce is the process of terminating a marriage or marital union. Divorce usually entails the canceling or reorganizing of the legal duties and responsibilities of marriage, thus dissolving the bonds of matrimony between a married couple under the rule of law of the particular country or state.

One difference between the wills and trusts is that the wills only will come into effect after you die, while the trusts come in as soon as you make it. Wills is a document that directs to who will receive your property on your death and appoints a legal representative to perform your will.

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