Kavala Institute of Technology MSc in Oil & Gas Technology “CONTRACT LAW” “THE INTERPRETATION OF LEGAL TERMS ABOUT CONTRACTUAL OBLIGATIONS OF THE PARTIES IN AN OIL OR GAS EXPLORATION/EXTRACTION CONTRACT” Authors: Andreou Christos Georgiou Manolis Kakanis Iordanis Skarvelas Stathis Supervisor: Pr. K. KalamboukaNovember 2012 ABSTRACT …
Express terms are those obligations and liabilities which the parties themselves create to form the basis of their relationship (Goldwater, V 2007). That is to say. These are the terms the parties actually agreed and included in the contract. Express terms may be in writing …
Two senators are trying to help fast-food workers shackled to employers due to noncompete agreements.On Wednesday, Senators Al Franken (D-Minn.) and Chris Murphy (D-Conn.) introduced the Mobility and Opportunity for Vulnerable Employees Act, a bill that would ban noncompetition agreements for workers making less than …
Businesses need to plan their affairs relying on the fact that contracts can be enforced In order to malting the web of Interdependent relationships. Contracts are a way of enforcing agreements. One needs to anticipate the future as In thinking what can go right and …
Abstract This paper explores the mission and goals of CASE, a nonprofit organization which provides advocacy for children in court proceedings. CASES mission and goals will be explained and ethical considerations with regard to a nonprofits fundraising strategy will be discussed. An overview of the …
The legal environment of foreign marketing takes an added dimension of importance since there is no single uniform commercial law which governs foreign business transactions. ” – Comment. International marketers must be aware of the legal environments that they operate in. As there is no …
Day to day dealings are characterized by individual struggles. People make decisions and choose the right options to take before specific actions are taken. These day to day affairs exemplify in one way or another, a character of being a leader. It is not expected …
Employment has changed in the past decades because the world has changed. We’ve entered a new era, an era where the work ethic of employees, and more often the thinking and ethics of employers are many times questioned. The Federal Program for Labor Management has …
As technology develops at the speed of light, as digital phones computers grow more powerful than twelve acres of 1967 IBM mainframes, as information is set down in liquid pixels and stored in virtual warehouses the size of a postage stamps, as hackers and those …
I think adopting the Uniform Commercial Code was necessary in order to make the law uniformly applied across the different states of the United States of America. The law of merchants was an international law that had long been practiced in Greece before. The said …
Running Head: Baker v Osborne Development Corp. Case Study Unit 2 Baker v Osborne Development Corp. Bonnie Leipold LS311-37COBL Business Law Kaplan University March 12, 2013 In the case Baker v Osborne Development Corp. , Baker would be able to sue the builder since the …
Roles and Functions of Law Tanya S Kleinschmidt Law 421 March 25, 2013 Walter M Pence III Roles and Functions of Law Law is vast and diverse, which makes it overwhelming and confusing. The main purpose of the law is to create order in society …
Laws owe their basis and total allegiance to the Constitution of the Country they are enacted in and the laws enacted in the United States are no exception. The Tenth Amendment of the Constitution deals with the legislative power of the government. According to the …
Arbitration is the process of resolving an argument outside the formal court system. An arbitrator listens to both parties and determines an agreement that is fairest to both parties. As a part of the hiring process, many employers are mandating voluntary arbitration agreements between the …
The increasing tendency of local firms to expand their trade boundaries by setting up global centers has drawn people’s attention to the efficacy of International laws. The stand-out features of these International trade laws are “1) there is no single legislative source of international law. …
Regardless of the company size, a successful leader has a certain skillset to make her stand apart from others.I’ve had the opportunity to work at a Fortune 50 company and a 3-year-old startup, and I’ve found that success at each one is driven by the …
Each of these stakeholders gains when a company improves the value Hahn. The common key processes that should be used to improve the value and supply chain revolve around the customer, stakeholder, and supplier. Strategic planning to change management to customer service all serve a …
Profile Honda motor company, Ltd was founded on 24 september 1948 in Japan. Implementing its business strategy, the company is constantly evolving global manufacturing network with 91 branches. Among that branch, Honda Vietnam has played a key part of the success of global Honda. Honda …
From the case we discuss, LabCo’s accounting policy for recognizes revenue from construction contract is reasonable. According to ASC605-35-25-61, an entity… shall use the completed-contract… for which reasonably dependable estimates cannot be made or for which inherent hazards make estimates doubtful. LabCo Company uses a …
If organizations want to become more innovative and productive by encouraging and rewarding their workforce to share, collaborate and build collective intelligence they must do more than grant permission for people to build relationships and share their experience inside and outside the organization. They must …
The Saline project was the first Russian production-sharing agreement (AS) with foreign corporations. A AS is a commercial contract between investor(s) who are willing to make a large, long term and high risk investments with the host country that has the natural recourses (usually oil …
System theory, in general, is a field of study involving complex interactions between different groups or objects that work together to achieve a specific result. (O’Connor & McDermott 1997:11) (more…)
This is a document which states in which country the goods were produced. Mainly it is required while making claims for duties. This document may be required b the importing country for their authorities to identify where the goods were manufactured. This is important in …
Arvo Lake, a retired 71-year-old man, bought an air conditioner in May. The unit was installed and operated according to the manufacturer’s specifications. Unbeknownst to Lake, the unit contained a hole in the refrigeration system that allowed Freon, the coolant, to escape from the unit. …
If you are interested in how businesses work – probably at a slightly more detailed level You like maths that ‘works’ – less need to speculate on growth rates and uncontrollable factors DCM is the most successful franchise within RBS GBM and carries that kudos …
Winding Up on Just and Equitable Grounds – Under the Insolvency Act 1986: Section 122 (1) (g) of the Insolvency Act 1986 gives a shareholder the right to apply to the court to have a company wound up on just and equitable grounds. There are …
During the history people’s expectations and needs have been changing. They depends inter alia on actual situation on the market and current necessities of life. The economy climate is also important in creating people’s performance. People will make a good performance at work when their …
The Impetus We signed up a month ago a singing group, ECHO JAM, for our school’s activities next month. The cost of the contract has been the basis of and has set the price of the tickets we have been selling. But Echo Jam has …
CAP is a raw materials exporting company with a global reach, having offices situated in Canada, United States, and Russia. CAP exports raw construction materials to a multitude of manufactures in the construction industry, and the company executes distribution of an estimated 10,000. 00 units …
This paper seeks to examine the economical effect, if any, upon what the legal system requires of business in America, from a sole proprietor, to a corporation. The paper will also have to look at the costs imposed on operating a business for obtaining a …
Ratification
Ratifying a contract is the act of approving the terms and conditions that are being spelled out in the document. For example, if you go on vacation and provide permission to an employee to sign a contract on your behalf, you may be then asked to ratify it.
Assignment
An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants the assignee to step into his shoes and assume all of his contractual obligations and rights.
Contract law cases
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