Principle of Agreement Mortgage

The principle of agreement mortgage is a financial principle that outlines the terms and conditions of a mortgage agreement between a lender and a borrower. This principle is essential in ensuring that both parties are aware of their responsibilities and obligations throughout the duration of the mortgage. Agreement mortgages typically involve a fixed interest […]

What Is a Reasonable Notice Period When the Contract Is Silent

As an employee, a reasonable notice period is crucial to understand, particularly when there is no mention of it in the contract. A notice period is the amount of time an employee is required to give notice to their employer before leaving the job. The length of this period varies from one organization to […]

Meaning of Letter of Agreement

A letter of agreement is a formal document that outlines the terms and conditions of an agreement between two or more parties. It sets out the rights and obligations of each party involved and serves as a legally binding contract. In the business world, letters of agreement are commonly used when companies enter into […]