Contract

entered into a long-term gas supply and purchase contract (the "GSPC") on 25 April 2001. The two parties agree to govern this contract by the Laws of Islamic Republic of Iran. In addition, this contract contained an agreement "…any dispute arising out of or relating to this contract shall be finally settled by arbitration before three arbitrators" and the parties chose London as an arbitral seat. Furthermore, in 2003 the CPCI assigned the contract to Crescent Gas, which is its…

disagree with the statement ‘since psychological contracts are subjective, managers should not waste time to manage them.’ As a matter of fact, according to the survey conducted by Guest and Conway (2002), 90% of 1,300 senior United Kingdom human resource managers reported that the concept of psychological contract is useful. 36% said that their organisations use it to manage the employment relationship. Before anything else, a psychological contract is defined by Rosseau (1989) as an…

LAWS In his book, Accelerating the Tendering Cycle: A Legal Due Diligence Guide, Paul Emanuelli mentions the five implied duties of Contract A, which specifically stemmed from this case: M.J.B. Enterprises v. Defence Construction. Canadian jurisprudence recognized the following laws for this case: 1- The disclosure duty Buyers of services are under an obligation to disclose material information…

One party making an offer which accepted by another party is the formation of the contracts. Theoretically, these contracts are divided into two types, unilateral and bilateral contracts, by different numbers of the parties who assume the obligation under the contract. The case Carlill v Carbolic Smokeball Company Ltd [1893] 1 QB 256 is a typical one for the unilateral contract, which, to some extent, influences the law of offer and acceptance. In nineteenth-century though, all contractual…

the seller to honor the ad (even though it was out of stock). While in breach of contract, sadly, the only damages the other party was entitled was the money they paid for the coin. Within the Fur Coat caselet, the ad did not specify that only women could receive the free fur coat, making the offer open to anyone who was in the first ten to purchase the coat. Denying the man of a discounted coat was in breach of contract and the man was entitled to a discounted fur coat as damages. Both cases…

word solely describes the meaning, though the meaning of negligence has not been described in a proper way but it is an act recklessly done by a person resulting in foreseeable damages to the other. Negligence is an offense under tort, IPC, Indian Contracts Act, Consumer Protection Act and many more. Medical Negligence basically is the misconduct by a medical practitioner or doctor by not providing enough care resulting in breach of their duties and harming the patients which are their…

emerges, and this action is supported by a contract. According to our text entitled Essentials of Business Law, It defines contracts as a binding an agreement most of all contracts are enforceable by law. A contract is started by two different agents who are both required to fulfill duties in agreement with the contract. A contract is described as a report showing agreement to any business trade, it is done orally but the written contract is upheld by law. Contracts create a plan and a guide for…

PowerSnap got the contract to rebuild the power-grid with a total contract price of $300 million dollars, it became NPA’s mirroring of PowerSnap’s manifestation to assent. Consideration (suspenders) §71: o PowerSnap promised to rebuild Newstate’s power-grid in exchange for NPA’s promise of payment. Therefore, an exchange of promises that were bargained…

services that either of them provides or any special costs, which either of them incurs, in connection with the Student 's use or misuse of the chapter house or Chapter or House Corporation property. Upon the expiration or other termination of this contract, the Student shall return all keys and security items promptly upon request of the Chapter or the House Corporation, remove her personal property from the chapter house, and shall peaceably surrender possession of the premises and property in…

In the story, the ‘Ulysses contract is made with the definite knowledge of the dangers posed by the Sirens. This is inherently different from medical decisions. In medicine, Ulysses contracts are made with the possibility of change, unlike the certainty of the one made in The Odyssey. However, both are made with the subject’s best interests in mind - to save…