WebInitial Contract means one or more of the fixed -rate simple interest installment sale contracts described in the List of Initial Contracts, which constitute part of the corpus of the Trust, and which Contracts are to be assigned by the Company to the Trust; including, without limitation, all related security interests, collateral, liens, insura...
WebWhat is an Initial Agreement? An initial agreement is a contract between two or more parties that sets the terms and conditions of a new relationship between them. The contract states who the contract parties are, what obligations they each agree to take on, and when the contract period will begin.
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Initialing a contract: are they useful? - Awesome Sign
WebJan 31, 2022 · In basic terms, initialing a contract refers to writing your initials on each page of the same. Initials in contract example: For example, if your name is John Doe, you would write the initials " J.D." on each page. These initials are essential to the credibility of legal contracts and documents.
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What is an Initial Term in a Contract? Definition - oboloo
WebThe initial term of a contract is the period of time during which the terms of the contract are in effect. After the initial term expires, the contract may be renewed for another term or terminated. The initial term is important because it establishes the …
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Contracts 101: Definition, Types, Essential Elements & Lifecycle
WebApr 11, 2023 · What are contracts? Contracts are legally binding agreements. They outline the terms and conditions of the agreement (such as the goods or services being exchanged), the responsibilities and obligations of each party and the consequences of non-compliance. Common types of contracts.
WebJul 10, 2019 · Often, initials are a way to acknowledge a small change in a contract after it has been signed to show that both parties agree to the amendment.
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signature - Signing vs initialing a contract - Law Stack Exchange
WebJun 4, 2016 · This means that a verbal contract is just as binding as a written one, with or without initial or signature. The importance of the initial or signature, as correctly identified by Dale is to be able to hold the offeree to account if a breach of the contract follows.
WebInitial Contract Term means the period specified as the Initial Contract Term in the Contract Details (or, where no Initial Contract Term is expressly stated in the Contract Details, the period in respect of which the rates of the charges are stated to apply as set out in the Contract Details);
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Initial Contracts Definition: 176 Samples | Law Insider
WebInitial Contracts means the Contracts initially transferred by the Seller to the Trust pursuant to the Agreement on the Closing Date, which Contracts are listed on the Schedule of Contracts. Sample 1 Sample 2. Based on 2 documents.
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Understanding an assignment and assumption agreement
WebNov 24, 2023 · The initial contract must provide for the possibility of assignment by one of the initial contracting parties. The assignor must agree to assign their rights and duties under the contract to the assignee. The assignee must agree to accept, or "assume," those contractual rights and duties.
