Arbitration Clause in an Agreement: Meaning, Importance and Legal Effects
Introduction: An arbitration clause in an agreement refers to the contractual provision that says the contracting parties have agreed to resolve their dispute via private arbitration instead of public litigation. This clause is binding on the parties; certain…
Read more »11 Month Lock-in Period in Rent Agreement: Meaning, Rules & Legal Rights
Introduction: You often see your relatives or friends who are renting property, like a house, flat, or shop; there is one common term repeatedly heard: the duration of the rental agreement is set for 11 months. Sometimes, one…
Read more »Lock-in Period in Rent Agreement: Everything Tenants and Landlords Should Know
Introduction: A lock-in period in rent agreement is a clause that is commonly added to a rental agreement. It refers to the fact that the tenant can continue in the property for a specific period of time. It…
Read more »Indemnity Clause in a Contract: Meaning, Importance and Examples
Introduction: The word “indemnity” comes from the Latin word indemnis”, meaning “to be uninjured” or “to suffer no harm or loss”. It also refers to protection or security against financial losses. The Indemnity clause is one of the…
Read more »What are Essential Contract Clauses, and how to use them in a Contract?
Introduction: Every contract has some specific goals for the parties. These can reduce risk, negotiate terms, protect rights, etc. That’s the reason the clauses that you include in a contract play a significant role. Because of the lack…
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