Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

A mechanism used in commercial transactions and rental agreements to adjust contract conditions in response to external monetary influences such as inflation or currency depreciation resulting in the ...

Independent contractor

Law; Contracts

Self-employed person (architect, consultant, engineer, etc.) who provides certain services to a second-party called the principal (or client or owner), or to a third-party on behalf of the client. An ...

Indivisible contract

Law; Contracts

Type of contract where obligations of the contracting parties are interdependent, and no party can demand performance from the other(s) unless it performs its own part or is ready and willing to do ...

Indirect bank guarantee

Law; Contracts

That is issued by a correspondent bank (usually the guarantee beneficiary's bank) upon the counter-guarantee of the guarantee applicant's bank.

Indemnity

Law; Contracts

Undertaking given to compensate for (or to provide protection against) injury, loss, incurred penalties, or from a contingent liability. A shipping company, for example, will ask for a bank's ...

Indexing

Law; Contracts

1. Contracting: Adjusting the terms of a long-term contract to account for the effects of inflation, so that neither party takes undue advantage, or unduly suffers the consequences, of continually ...

Incumbency certificate

Law; Contracts

An official document that identifies and authorises certain individuals to execute binding agreements on behalf of the corporation. The certificate acts as confirmation that the individual does in ...