AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Therefore, an agreement in which one party explicitly agrees to indemnify another person or party or parties for damages that may result from an agreement is called indemnity contract or indemnity agreement. Indemnity literally translates to hold harmless. Partnership agreements are very common in every organization. It is an agreement in which two or more partners spell out the relation and individual obligation along with their contributions to the business which is mutually agreed upon. Express agreement or contract is also termed as special agreement and all of the terms and conditions are clearly stated in it. The agreement in which all the terms and conditions of all the parties that are involved in winning clearly and explicitly specified is called Express agreement.
0 Comments
Read More
Leave a Reply. |