🏘️ Parent company guarantee
A parent company guarantee is a type of financial guarantee that is typically used in business transactions. It is a guarantee from the parent company to the lender that the debt will be repaid if the borrower defaults. This type of guarantee can provide more security for the lender and may help to get better loan terms.
🏚️ Pay less notice
A pay less notice is a notice served by a contractor to a sub-contractor that sets out the sum the contractor considers to be due under the sub-contract. The notice must be served before the final date for payment stated in the sub-contract. If the sub-contractor does not agree with the sum stated in the pay less notice, they can serve a notice of intention to withhold payment.
🌴 Notice of FBT
A notice of FBT covers the law with regards to the tax that is paid on the benefits that are received by the employees from their employers. This tax is paid by the employer and is based on the value of the benefits that are received. The notice of FBT also explains how the tax is calculated and how it is to be paid.
📃 Notice and take-down letter
A notice and take-down letter is a letter sent to an individual or organization that has published content that may be infringing on another party's intellectual property rights. The letter demands that the infringing content be removed from the website or other publication. If the infringing content is not removed, the party that sent the letter may file a lawsuit against the individual or organization.
📂 Modern slavery statement
A slavery and human trafficking statement is a document that sets out an organisation's efforts to understand and address its risk of involvement in slavery and human trafficking. The statement must include: the organisation's structure, its business and its supply chains; its policies in relation to slavery and human trafficking; its due diligence processes in relation to slavery and human trafficking in its business and supply chains; the parts of its business and supply chains where there is a risk of slavery and human trafficking taking place; and its effectiveness in ensuring that slavery and human trafficking is not taking place in its business or supply chains.
📕 Model Articles of Association
A model articles of association is a document which sets out the rules governing the internal management of a company. It covers aspects such as the rights and duties of directors, shareholders and employees, and the procedures for holding company meetings.
📃 Memorandum of understanding
A Memorandum of Understanding is a document that outlines an agreement between two parties. It is not a legally binding contract, but it is a way to make sure that both parties are on the same page and understand the terms of the agreement. The Memorandum of Understanding should include all of the important details of the agreement, such as what each party will do, what the timeline is, and what the consequences are if either party does not hold up their end of the agreement.
📑 Members' requisition
A member's requisition is a formal request made by a member of parliament to the Speaker of the House of Commons for the issue of a writ for a by-election. The Speaker must issue the writ within 21 days of the requisition being made. A requisition must be signed by at least two members of parliament.
🤫 Mutual NDA
A mutual NDA is an agreement between two parties where both parties agree not to disclose confidential information. The agreement is legally binding and can be enforceable in a court of law.
💲 Merchandising license
A merchandising license is a legal agreement between a licensor and a licensee that grants the licensee the right to produce and sell products with the licensor's brand or logo. The terms of the agreement are typically for a set period of time and include royalties that the licensee must pay to the licensor.
📃 Master Services Agreement
A master services agreement (MSA) is a contract between two parties that establishes the terms and conditions of their working relationship. The MSA sets forth the roles and responsibilities of each party, as well as the expectations for the quality of work and the level of communication. The MSA can help to prevent misunderstandings and conflict by clearly defining the terms of the agreement.
📱 Mobile application end user licence agreement
A mobile application end user licence agreement is a contract between the owner of a mobile application and the user of the mobile application. The agreement sets out the terms and conditions under which the user is allowed to use the mobile application. The agreement may cover things such as the user's rights and obligations, the app's warranty, and liability.
🏚️ Management works contract
A management contract is a contract between a company and an individual that outlines the duties and responsibilities of the individual in their role as manager of the company. The contract will also state the compensation that the individual will receive for their services.
🖍️ Opt-out agreement
An opt-out agreement is a written agreement between an employer and employee that states that the employee is not covered by the Fair Labor Standards Act. The agreement must be signed by the employee and employer, and must be in compliance with all other requirements set forth by the Department of Labor.
🏷️ On demand performance bond
A on demand performance bond is a type of surety bond that is typically required by the Obligee (the party who is requiring the bond) in order to protect itself against financial loss if the Principal (the party who will be performing the contractual obligation) fails to perform its obligations under the contract. The surety company that issues the bond is essentially guaranteeing that the Principal will fulfill its obligations. If the Principal does not fulfill its obligations, the Obligee can make a claim on the bond and the surety company will be required to pay out up to the full amount of the bond.
📂 OJEU notice
An OJEU notice is a notice that is published in the Official Journal of the European Union and that is used to call for tenders for public contracts. The notice sets out the general conditions under which the contract will be awarded and the procedure that will be followed.
🌳 Notice to quit
A notice to quit is a formal notice given by a landlord to a tenant that states that the tenant must vacate the property within a certain amount of time. The notice must be in compliance with state law and must be served on the tenant in the proper manner. If the tenant does not vacate the property within the time frame specified in the notice, the landlord can then file an eviction action against the tenant.
💶 Notice of share buyback/redemption
A notice of share buyback/redemption is a legal document that outlines the terms of a company's buyback or redemption of shares. This notice includes the number of shares being bought back, the price per share, and the date of the buyback.
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