Search results for keyword: obligations
credit rating agency
Introduction
Credit ratings are assessments of the creditworthiness of a particular debt issuer or entity, intended to provide investors and other stakeholders with an indication of the debt issuer’s ability to meet its obligations. Credit ratings are assigned by independent credit rating agencie......
1039 
Sophia
Sinomach Finance
Corporate Finance
Corporate finance is concerned with the management of financial resources within a business enterprise. It is a balance between risk and return, and the core activities of corporate finance involve determining the optimal capital structure, managing financial risks and developin......
international business contract
International Business Contract
This International Business Contract (the “Agreement”) is entered into as of this date [agreement date], by and between [Party A] and [Party B]. Each of Party A and Party B, their successors, heirs, and assigns (collectively, “Parties”) agree to the following t......
"Rules for Expert Resolution of Documentary Bill Disputes"
Rules of Expert Resolution of Follow-up Bill Disputes
1. Definition
The purpose of this Expert Resolution Rule of Follow-up Bill Disputes is to set out the procedural rules envisaged in the event of any dispute arising out of the negotiation or execution of a follow-up bill, which are not cover......
contract law
The Law of Contract
Contract law is an essential area of civil law which oversees the understanding between two parties in a legally binding agreement. It is a practical matter that governs the mutual rights, responsibilities, and duties of each party to the agreement. This means that each indivi......
power of attorney
Agency Law
Agency law is a principle of the common law that speculates the bindings and relationship formed between a principal and an agent. Typically, an agency relationship arises when a principal authorizes an agent to act on their behalf in dealings with third parties. The roles of both prin......
irrevocable letter of credit
Irrevocable Credit
Irrevocable credit is the most important activity in the field of international trade and payments. It is defined by the International Chamber of Commerce (ICC) as a bank-after agreement to make payments against the presentation of documents that comply with the terms of the cr......
"Guarantee Law of the People's Republic of China"
The Peoples Republic of Chinas Guarantee Law
The Peoples Republic of Chinas Guarantee Law (hereinafter referred to as the “Guarantee Law”) was adopted on August 31, 2001 by the 5th Session of the Standing Committee of the 10th National Peoples Congress and came into force on October 1 2001. The......
bona fide acquisition system
Good Faith Obtaining Systems
When it comes to obtaining a system from another party, it is important that both parties exercise good faith. This means that, even though the system may not be developed for the exact same purpose that it is being used for, both parties respect the agreement and rem......
liquidated damages
I. Introduction
A penalty is a payment due from an obligor, or someone who has contracted to pay a debt, to the obligee, or someone whom owes the debt, when a contract is breached.penalty clause defines the penalty amount and its terms of payment.
A penalty clause is common in loan agreements an......
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