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What Is a Guaranty Contract

⇒ Pro Beneficiary: This clause contains an unlimited guarantee under which the guarantor is required to be liable for all debts of the principal debtor in relation to the secured obligations. WARRANTY, contracts. A promise made in return to be liable for...

What Is a Condition in Terms of Law

The opposite of the condition precedent is the following condition, which defines the conditions that must be met for one of the parties to be able to terminate the contract. Fourth, if the condition is impossible or impossible to fulfil, it will be...

What Happens If I Breach My Iva Agreement

If the IVYus fail, this protection no longer exists. Creditors can get back in touch with you and even have the power to immediately bankrupt you for breach of the agreement. Each of the above scenarios constitutes a breach of contract between you, your...

What Does It Mean to Trademark Your Business Name

Jane Haskins is a freelance writer who worked as a lawyer for 20 years. Jane has led a variety of commercial litigation. Read More What happens if you can`t or don`t want to protect a name under trademark law? Your company name may still have valuable...

What Documents Are Needed to Set up a Trust Account

This type of trust is called a testamentary trust because it takes place after the death of the settlor. A will is important to indicate what to do with your assets after your death, but if you need a financial account to manage the assets on behalf of...