Asset Finance Agreements: What Are They and How Do They Work? Asset finance agreements, also known as equipment financing or leasing, are a type of financial arrangement in which a company or individual can borrow money to purchase assets needed in their business operations. Instead of paying for the asset upfront, the borrower makes regular payments over a fixed period of time. Asset...
2022
The Cooperation Framework Agreement (CFA) is a significant step for Ethiopia as it aims to establish a comprehensive partnership with countries in the Nile River Basin. The agreement is a legal framework that seeks to ensure cooperation, development, and the peaceful management of the Nile River`s waters. Ethiopia is a country that relies significantly on the Nile River`s resources for its...
If you`re an employer, it`s important to have an employment contract agreement in place for each of your employees. This document sets out the terms and conditions of the employment relationship, including things like pay, benefits, working hours, and job responsibilities. While every employment contract agreement will be unique to the employee and employer, there are some common elements that...
Contracts are often seen as legal agreements that must be in writing in order to be legally binding. However, there are some types of contracts that do not necessarily need to be in writing. In this article, we will explore which types of contracts do not need to be in writing according to Quizlet`s legal studies. 1. Verbal contracts A verbal contract is an agreement that is made by spoken...
When it comes to renting a property, most people think of it as a business transaction between a landlord and a tenant. However, there are times when a family member may want to rent a property from another family member. In these cases, it`s important to have a rental agreement in place to ensure that both parties are protected and to avoid any misunderstandings that could damage their...