In this case, the financial institution that originated the forward contract is exposed to a greater degree of risk in the event of default or non-settlement by the client than if the contract were marked-to-market regularly. Consider the following differences between futures contracts and forward contracts. There are many advantages that futures contracts provide traders. Whereas a forward contract is a customized contract drawn up between two parties, a futures contract is a standardized versi...

To tackle climate change and its negative impacts, 197 countries adopted the Paris agreement at the COP21 in Paris on 12 December 2015. Entered into force less than a year later, the deal aims to substantially reduce global greenhouse gas emissions and to limit the global temperature increase in this century to 2 degrees Celsius while pursuing means to limit the increase even further to 1.5 degrees. Among other requirements, countries must report their greenhouse gas inventories and progress rel...

The bodies of the Executive as well as employers and their associations shall make available to trade unions or representative bodies empowered by the workers with the information in their possession that is required to conduct collective bargaining. Participants in the negotiations and other persons involved in the process shall not divulge information available to them if such information is a matter of state security or a trade secret. Persons more specific information on the collective agree...

Given these demographics, it is no wonder many California attorneys seek to advertise their services to non-English speaking prospective clients. If successful in these efforts, the attorneys must then negotiate a fee agreement with their new clients. This article will briefly review some of the important ethical considerations when attorneys advertise and draft fee agreements for non-English speaking clients. Attorney fee agreements are regulated by statue. (Bus. & Prof. Code 6146 et seq.) Wri...

There are a few reasons why you might want to sign up as a junior creditor. Maybe you formally loaned money to a friend to start their business. Now they need more money than you can offer. You can woo a senior creditor into loaning them money if you agree to be a junior creditor. When that happens, all loan repayments go to the senior creditor first. Or maybe you want to be the senior creditor. And you want to make sure you get repaid first. And if you're the one who needs a loan? The creditor ...

After the job application has been filled out and the resume submitted to HR, the employee has met with several current employees for interviews, an employer will ask the employee to sign an employee agreement to formalize the employment process. While there still may be some items to iron out, it is vital for employers to put the terms and conditions for employment in writing so that both the employer and employee know what to expect from the relationship. Another item that may be included in t...

The vehicle is sold in as-is condition, where the seller, Mrs. Eileen Smith, is not responsible for any damages or repairs after the agreement has been signed by all parties. Your buyer may suddenly decide not to buy from you, in which case you would be left with unexpected inventory and no recourse. Or your seller may find a buyer willing to pay more, leaving you with no inventory and angry customers. Another problem that can derail a real estate deal is title. Even a buyer who's dealing in goo...

There you have it! Everything you need to know about the Texas Purchase Contract. What happens next? Once the seller has officially accepted an offer, both parties will sign the purchase contract and the closing process will begin. The Short Sale Addendum (TAR 1918) should always be attached to the contract in this situation to protect both the buyer and the seller because there is a contractual agreement between the parties where each has certain performance requirements and because the seller'...

In describing the effort to reach an agreement between Israel and Palestine, Senator George J. Mitchell explained: No. Suppliers are not usually guaranteed any work under a framework agreement, and it is helpful for a contracting authority to confirm this in the relevant tender documents. However, contracting authorities should ensure that suppliers on a framework are treated equally in relation to evaluation under any mini-competition process. Amazon and WarnerMedia announced Monday that the st...

You can also access the July 27, 2018 version of the Data Processing agreement by going to www.oracle.com/contracts. Whether its furniture, cars or software, when you buy is as important as what you buy. For many buyers, this is common knowledge however if youve never purchased enterprise software keep reading. Publicly traded software companies like Oracle, Salesforce, Microsoft, etc. are laser-focused on their monthly and quarterly performance, almost to a fault. If they catch wind of a potent...