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    What Is a Commonly Prohibited Type of Contract

    Contracts can be an integral part of any business setup. However, some types of contracts are prohibited or restricted by law. These contracts can cause harm to one or both parties involved and may be deemed illegal or unenforceable by the courts. In this article, we will discuss a commonly prohibited type of contract and why it is not allowed. The type of contract we will be discussing is known as a “restrictive covenant” or a “non-compete agreement.” This type of agreement is commonly used by employers to prevent their employees from working for a competitor or starting their own business in the same industry. It typically includes clauses…

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    Interinstitutional Agreement Better Law Making

    In today`s complex political landscape, it is essential that lawmakers are able to create effective and impactful legislation that will benefit their constituents. However, this process can often be hindered by the numerous institutions and stakeholders involved in the law-making process. This is where interinstitutional agreement can come in – a collaborative approach to creating better legislation. The interinstitutional agreement (IIA) is a legally binding document that outlines the principles, procedures, and practices that the European Parliament, Council of the European Union, and European Commission must follow in the decision-making process. It covers a wide range of issues, including the sharing of information, consultation, and the development of legislation.…

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    Oral Agreement in Real Estate

    As someone looking to buy or sell a property, it is important to understand the legalities involved in every part of the process. One such element is the concept of an oral agreement in real estate. An oral agreement, also known as a verbal agreement, is an agreement between two parties that is not in writing. In a real estate context, this can refer to an agreement between a buyer and a seller, or between a landlord and a tenant, where no written contract has been signed. While oral agreements can be legally binding in some cases, they are generally not recommended in real estate transactions. This is because…

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    The Risk of Repurchase Agreement

    Repurchase agreements, also known as repos, are a common form of short-term borrowing in the financial industry. They involve a transaction where a seller agrees to buy back a security from the buyer at a specified price and time. While these agreements can provide benefits to both parties, they also come with risks that should be carefully considered by investors. One of the primary risks of repurchase agreements is the potential for the seller to default on their obligation to buy back the security. In this scenario, the buyer would be left holding the security and would need to find another party to sell it to. If the market…