CONTRACT OF LEASE CONTRACT OF LEASE KNOWN ALL MEN BY THESE PRESENTS: BATANGAS STATE UNIVERSITY (BSU) is an institutions of higher learning of Republic of the Philippines, situated in Batangas City and Represented by the partners herein after the lessor, And The LESEE DIL Manuacturing Company, a partnership duly organized and existing under and by the virtue of the laws of the Philippines, with its principal place of business at Balagtas, Batangas City. WITHNESSETH The
Words: 2205 - Pages: 9
Week: 4 Notes Intention to Contract: Parties must seriously intend the agreement concluded between them to result in the terms that can be enforced. Must have reasonable and serious intention to be binding. South Africa subscribes to the justa causa doctrine. According to that principle, an agreement is enforceable in SA if the parties who made the agreement intended to be bound by the agreement and the agreement is made for a good reason. SERIOUS INTENTION TO CONTRACT The courts do not regard
Words: 2341 - Pages: 10
as a clause that allows an agreement to continue for a defined period if the existing agreement isn't renegotiated within a specified time measured from the expiration of the current contract. This happens all too often with contractual agreements as customers agree to terms of the contract for a designated amount of time only to find that with the contract there is an automatic renewal clause that binds them for a continuous amount of time. In most instances the contract may state that the costumer
Words: 647 - Pages: 3
Contracts Agreements between two entities, creating an enforceable obligation to do, or to refrain from doing, a particular thing. Nature and Contractual Obligation The purpose of a contract is to establish the agreement that the parties have made and to fix their rights and duties in accordance with that agreement. The courts must enforce a valid contract as it is made, unless there are grounds that bar its enforcement. Statutes prescribe and restrict the terms of a contract where the general
Words: 12598 - Pages: 51
called Citizen-Schwarz AG (C-S), in the method of assessment one year contract worth $6million. The difference of opinion over value and schedule of deliverables bubbled to the surface with the result that C-S threatened to void the agreement. To put a stop to a potentially disruptive business dispute, my job at the time was to progress a negotiating position, argue performance of the contract, and amend the obtainable agreement. One must first take go over the document that were in good deed of
Words: 1139 - Pages: 5
discussed later by us. Balfour v. Balfour, three quarters of a century after it was decided, remains a leading case. It features prominently in all contract textbooks . So, basically it is very important to discuss this important whose principles are being propounded until now. The question in the instant case is of contract. Legal intention to form contract and consideration were two important concepts which we used to know before starting brief detail of this case. Indian judiciary has sanctioned
Words: 2192 - Pages: 9
could contend that the salesperson who presented the agreement to her to sign did not make her mindful of the fact that there were different conditions to the agreement that had been composed at the back of the page. It is proficient for somebody connecting with another into marking an agreement to go on and make the resident mindful that they ought to experience the whole archive before marking it and there consequently binds themselves to all states of the understanding. It is the sole carefulness
Words: 764 - Pages: 4
will study a contract, common in business law; but more specifically, this report will analyze a credit card agreement from CIBC Visa. In studying this contract, it will show what a contract is and the legal framework that it implies. In studying the clauses of this contract, one will familiarize oneself with the legal terms and jargon that all contracts consist of. In explaining these clauses, one might be able to divide them into twelve main principles that a contracting agreement should consist
Words: 2092 - Pages: 9
Business I. The essential elements of a contract and the applicable remedies in the event of a breach. Four Essential Elements of a Contract An agreement must contain four essential elements to be regarded as a contract. If any one of them is missing, the agreement will not be legally binding. a. Offer There must be a definite, clearly stated offer to do something. For example: A quotation by sub-contractor to the main contractor and an offer to lease. An offer does not include ball park
Words: 2981 - Pages: 12
Crime as In Illegal Contract Contents Summary 3 Introduction 3 Illegal Contracts violating statute or common law 3 Agreement to commit a civil wrong or crime 3 Contract to commit corruption 4 Agreements promoting prostitution 4 Contracts obstructing administration of justice 4 Agreements prejudicial to safety of public 4 Manner of Performance of contract is unlawful 4 Void Agreements due to public policy 5 Effects of Illegality 5 Restitution 6 Severance 6 Conclusion
Words: 2030 - Pages: 9
