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Representation vs Warranty In business and legal contracts, there are often terms that are very confusing and almost like riddles. We all are aware of the concept of warranty as we get assurance from the manufacturer against defects and problems that may crop up in products that we purchase form the market. When the […]
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Negotiation vs Arbitration Since ages, there have been different means of dispute resolution to mitigate chances of loss to parties involved. War between kingdoms and tribes was often avoided using these means of dispute resolution. Down the ages, these alternative dispute resolution mechanisms are being employed in different settings and contexts, to minimize losses […]
Posted byOlivia
Assignment vs Delegation Contracts law has many important concepts. Two complimentary concepts in these are delegation and assignment. A very thin line divides assignment and delegation. This article attempts to highlight the differences between assignment and delegation by discussing the features of both. Assignment In any contract, there are rights held by a party. […]
Posted byOlivia
Novation vs Assignment In businesses and commercial activities, contracts and agreements hold great significance, especially in these times of mergers and acquisitions, and change in partnerships in between projects. It is thus, prudent to know the differences between Novation and assignment to safeguard one’s financial interests when entering into a contract or agreement with another […]
Posted byOlivia
Liquidated Damages vs Penalty These days it has become common to includ terms like liquidated damages and penalty in contracts beforehand to avoid possible losses in case of breach of contract by a party. Though, payment of a sum of money may be stipulated in a contract, the payment of money is actually decided by […]
Posted byOlivia
Liquidated Damages vs Damages Damages and liquidated damages are legal terms that are often encountered when signing a contract with another party, irrespective of profession. Damages are sums of money that are mentioned in the contract, and are required to be paid to the victim in case of breach of contract by another party. A […]
Posted byOlivia
MOA vs AOA MOA and AOA stand for memorandum of association and articles of association respectively and are important source of information for shareholders and other stakeholders in a company that has been duly incorporated. These are documents that are necessary at the time of formation of a company and must be deposited with the […]
Posted byOlivia
Indemnity vs Guarantee Indemnity and guarantee are two important ways to safeguard ones interests when entering into a contract. There are many similarities between the two concepts though they differ a lot also. This article will highlight the differences between Indemnity and guarantee to enable readers to choose one of the two depending upon circumstances and […]