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Notwithstanding Section 5 of the Agreement or any other provision to the contrary, the parties agree to The dispute boiled down to the sentence that started Notwithstanding anything to the contrary contained herein, dropped into the middle of the paragraph on production royalties. What did herein mean? If it referred to the entire agreement, then the mining company owed $75,000 a year no matter what. But if herein referred only to the paragraph on production royalties, in the absence of mining no liability for production royalties ever arose, and thus the mining company had no obligation to pay the minimum production royalty (notwithstanding any other provision of this agreement).… Read the rest

The above implies that there is no special regulation concerning the performance of lease agreements relating to, among others: It is also worth mentioning that the temporary expiration refers not only to lease agreements, but also to tenancy agreements and other similar agreements through which commercial space is made available for use. Additionally, this regulation applies not only to leases of premises, but to any commercial space (including the so-called stands). As discussed in our prior alert on General Leasing/Rent Concerns, due to the economic impact of the COVID-19 crisis we anticipate that commercial real estate tenants will increasingly request or demand that their landlords grant relief in the form of rent abatements or deferrals or other lease modifications agreement.… Read the rest

A lease renewal agreement can include changes to other terms, but must also address the rental time. A contract that simply modifies terms of a lease outside of the rental period is known as a lease amendment or lease addendum. Its important to compose the lease renewal template and send it in a timely manner, so your tenant has enough time to respond to it before the existing lease expires. Here are some tips for writing a commercial lease renewal letter for your tenants: Therefore, the landlord will expect the tenant to vacate the property by the date specified in the existing agreement.… Read the rest

“(2) In the case of instruments relating to immovable property chargeable with, an ad valorem duty on the value of the property, and not on the value set forth in the instrument, the instrument shall fully and trully set forth, the annual land revenue in the case of revenue paying land, the annual rental or gross assets, if any, in the case of other immovable property, the local rates, municipal or other taxes if any, to which such property may be subject, and any other particulars which may be prescribed by rules made under this Act.” surrender of lease, when such lease exempted from duty.… Read the rest

This union has a proud record of honouring agreements. The words honesty and honor can be used in similar contexts, but honesty implies a refusal to lie, steal, or deceive in any way. She will be honored for her work in promoting friendship between the two countries. The government will honor its promise to give this land back to the Native Americans. We are here today to honor the men and women who gave their lives for their country. While the synonyms integrity and honor are close in meaning, integrity implies trustworthiness and incorruptibility to a degree that one is incapable of being false to a trust, responsibility, or pledge.… Read the rest

Asked about the activities of police officers in peacekeeping missions, and whether the United Nations-INTERPOL agreement on information exchange also addressed such issues as executing INTERPOL arrest warrants, the fight against terrorism and drug trafficking, Ms. Orler answered that the agreement only covered peacekeeping operations and did not go beyond that. The operations often had a mandate to build capacity of the national police, which often could be done with the help of INTERPOLs database and information. While non-solicitation of employees agreements can be legal in Pennsylvania, the courts have also established a number of guidelines. Specifically, the courts attempt to evaluate the competitive impact of non-solicitation of employees agreements.… Read the rest

The committee is further of the view that it is not correct to state that the Law Society form of conditions of sale was never intended for use in relation to new houses in the course of construction where a building agreement has been entered into. Practitioners are therefore forewarned to be very careful about accepting any condition in the building agreement which expressly or by implication excludes the Law Society general conditions of sale. The fact of the Closing Date being linked to or triggered by the date of completion of the building works is still a potential pitfall particularly where Contractors (as some do) insist on a lengthy Completion Period.… Read the rest

Family law is complicated, and you dont want to be stuck with an unfair or unworkable agreement because you didnt understand what that agreement really meant. We suggest you answer the questions in 5 Questions to Ask Yourself Before Choosing a Do-It-Yourself Divorce before embarking on this task; understanding the potential pitfalls or problems in advance will help you make better decisions. Forewarned is forearmed! A marital settlement agreement, or MSA, outlines the basic terms for a divorce between a married couple. If there is no prenuptial agreement, the partner with the higher income will be required to provide monetary assistance to the other (husband and wife settlement agreement).… Read the rest

These example sentences are selected automatically from various online news sources to reflect current usage of the word ‘agreement.’ Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback. Middle English agrement, borrowed from Anglo-French agreement, agrment, from agreer “to please, consent, agree” + -ment -ment Note: Under common law, agreement is a necessary element of a valid contract. Under Uniform Commercial Code section 1-201(3), agreement is the bargain of the contracting parties as represented explicitly by their language or implicitly by other circumstances (as a course of dealing). Britannica.com: Encyclopedia article about agreement : 85198 (http://semaine-qvt.fr/?p=5609… Read the rest

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin struck an informal agreement early this month on a clean continuing resolution essentially agreeing to keep a stalemate over another phase of COVID-19 relief out of the negotiations in order to keep government open. A failure by Congress to pass the stopgap spending bill by the end of the month would lead to a shutdown on Oct. 1, just weeks before the election. Rather than passing a spending bill this week, however, lawmakers are likely to punt the deadline one week further by voting on a one-week extension of government funding. House Majority Leader Steny Hoyer, D-Md.,… Read the rest

Your, or your landlords, right to end a tenancy agreement and your right to stay and be protected from eviction will depend on the type of tenancy you have. Even if you dont have a verbal agreement, but live in a property provided by your landlord and pay rent to them, which is accepted, the law will acknowledge that a tenancy between you two exist. A tenancy can be an AST if all of the following apply: A tenancy agreement can normally only be changed if both you and your landlord agree. If you both agree, the change should be recorded in writing, either by drawing up a new written document setting out the terms of the tenancy or by amending the existing written tenancy agreement.… Read the rest

The use of an inter-party indemnity is a balancing act: Many high-risk activities, like skydiving or heli-skiing, require individuals to sign an indemnity agreement before they can participate. This protects the business or company from liability if there is an accident. In strict terms, the statement to hold harmless means to exonerate another from liability. Sarah E. Swank writes that “[a] hold harmless provision means that an organization is not liable for certain damages under an agreement. This clause effectively bars the party responsible for indemnification from bringing suit against the party being indemnified.” Clarifying the Confusing World of Indemnification, Hold Harmless and Defense Clauses, January 2013 (example indemnity clause in service agreement).… Read the rest

If one partner has children from another relationship, a prenup can ensure that separate premarital property is shared with these children. Even when a will exists, prenuptial agreements can clarify and reinforce expectations to avoid costly legal battles that ultimately eat away at the estate. However, the advantages of a prenup tend to outweigh the disadvantages. If you or your spouse incurred significant debt before marriage, a prenuptial agreement can protect each of you from taking on responsibility for that debt. You dont feel the prenup is fair. You should never be coerced into signing a prenup. If you feel that a prenuptial agreement is heavily in favor of one spouse over the other, do not sign.… Read the rest

The idea of a Philippine-US FTA has been mooted since the termination of the Philippines preferential trade status in the US as part of the transitional arrangements from colonial rule to full independence. Those discussions never gained traction, partly because the Philippines has taken a cautious approach to a free trade deal and has never negotiated one outside the ASEAN framework. It was content to utilize the Generalized System of Preferences (US GSP) which provided duty free treatment for about 5,000 tariff lines with minimum reciprocal concessions (here). Whether youre taking out a mortgage, a personal loan or Car Finance, the creditor is legally required to provide a credit agreement and it must be signed by both parties.… Read the rest

Whether it is a sales agreement or a preliminary contract, the buyer and seller can decide through mutual agreement to add suspensive clauses. These make it possible to foresee the nullity of the preliminary contract if certain events were to occur before the final sale (each of the parties resume their freedom). Purchaser of new or old house, you sign a preliminary contract, unilateral agreement: you have a period of ten (irreducible) days during which you can reconsider your commitment (through registered letter with acknowledgement of receipt). Often in a hurry to round off, the buyer and seller at times thinks that signing the preliminary contract does not lead to much.… Read the rest