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Agreement In Principle
In law, an agreement in principle is a stepping stone to a contract. Such agreements with regard to the principle are usually considered fair and equitable. Even if not all details are known, an ''agreement in principle'' may, for example, outline a schedule of royalties A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset o .... References Legal terminology {{law-term-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Step-stone Bridge
Stepping stones or stepstones are sets of stones arranged to form an improvised causeway that allows a pedestrian to cross a natural watercourse such as a river; or a water feature in a garden where water is allowed to flow between stone steps. Unlike bridges, stepstone crossings typically have no spans, although wood planks or stone slabs can be placed over between the stones (which serve as the piers) to improvise as low-water bridges. Although their historical origin is unknown, stepping stones, along with log bridges, are likely to have been one of the earliest forms of crossing inland bodies of water devised by humans. In traditional Japanese gardens, the term "''iso-watari''" refers to stepping stone pathways that lead across shallow parts of a pond, which work like a bridge-like slower crossing. Using ''iso-watari'' for crossing ponds, or shallow parts of streams, one can view the aquatic animals and plants around or in the pond, like carp, turtles, and waterfowls. Today ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royalties
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979 A royalty interest is the right to collect a stream of future royalty payments. A license agreement defines the terms under which a resource or property are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
