tag:blogger.com,1999:blog-51174224536726382732024-03-22T07:00:02.009-07:00Corporate Document LibraryThe financial, legal & business document repositoryUnknownnoreply@blogger.comBlogger35125tag:blogger.com,1999:blog-5117422453672638273.post-28988770578099390622024-02-01T23:00:00.000-08:002024-02-02T01:05:34.381-08:00Purchase and Sale of Shares Agreement <img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2D6_sOd1zKqPkHz1ufRPVn0yBni2XuI7UuJfPnRgFYIay1VhN5z9JkMe-I2hlwFB8REFNI2OTIpXnUvtq30ws1XGeCz7kR_Ev4SYeqFXZimPuQKwcIMqa6izghbdhXJvgT5zL_tdKfU8z8t9jHMW1Ca1ZCWFOcTiqB-slv0Ef10q8HY2BRsJcTbj-3GCd/w154-h200/Agreement%20of%20Purchase%20and%20Sale%20of%20Shares.jpg" style="display: none;" />
<p></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The agreement of purchase and sale of shares is a
legally binding contract negotiated between two entities, stipulating the terms
and conditions under which one party agrees to buy or sell shares to the other.
Whether you’re the (purchaser, also known as the) buyer or the seller, this
document provides financial protection and reduces the risk of legal disputes The
agreement benefits small-scale enterprises engaged in frequent share
transactions by providing a structured, secure platform for their operations</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The agreement is a crucial document in the sale
of a company’s shares, a process that can be initiated by either the company
itself or its investors. It permits the seller to demonstrate their ownership
of the shares on sale. If the seller’s representation proves to be false or
invalid, they may be held accountable. This provision enhances the buyer’s
trust in the transaction. Essentially, it not only establishes the company’s
ownership and structure but also aids in formalizing the specifics of the share
sale and purchase. This ensures a transparent and secure transaction process</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Let’s delve deeper into the importance and
structure of this agreement. It’s important to note that many of the basic
principles that apply to similar contracts are also applicable to this
agreement. </span><span style="color: #111111; font-family: Arial, sans-serif; font-size: 12pt;">Given the complexities of these
transactions, understanding the fundamental requirements is crucial</span><span style="font-family: Arial, sans-serif; font-size: 12pt;">. A
solid understanding of these principles is key to successfully navigating the
intricacies of share purchases and sales agreement</span>.<o:p></o:p></span></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The preamble introduces the agreement, detailing
the identities of the involved parties and the purpose of the agreement. It
also provides a descriptive account of the business operation on sale. The
language used should be clear, consistent, and fluid to prevent any potential
misunderstandings</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Following the introduction, a series of
statements, referred to as recitals, provide the agreement’s structure and
purpose. These recitals should be arranged in chronological order, starting
with the earliest event as it relates to the arrangement</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The agreement is subsequently filled with
comprehensive, itemized information about the transaction. This includes
details about the offer documents, payment arrangements, including whether and
how payments will be placed into escrow, conditions to be met by the purchase
date, as well as the number of shares on offer, the par value of the share
price, and more</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The agreement of purchase and sale of shares should
include provisions for the following details about the seller</span>:<o:p></o:p></span></p><p class="MsoListParagraphCxSpFirst" style="margin-left: 0.75in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="mso-fareast-font-family: Arial;">•<span style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal;"> </span></span></span><span style="font-family: Arial, sans-serif; font-size: 12pt;">The financial status of the company</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 0.75in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="mso-fareast-font-family: Arial;">•<span style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal;"> </span></span></span><span style="font-family: Arial, sans-serif; font-size: 12pt;">Evidence of its working capital</span></p><p class="MsoListParagraphCxSpMiddle" style="margin-left: 0.75in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="mso-fareast-font-family: Arial;">•<span style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal;"> </span></span></span><span style="font-family: Arial, sans-serif; font-size: 12pt;">Legal issues and lawsuits faced by the company</span></p><p class="MsoListParagraphCxSpLast" style="margin-left: 0.75in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="mso-fareast-font-family: Arial;">•<span style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal;"> </span></span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: "Arial",sans-serif; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Assets, mortgages, various liabilities, and
charges</span>.<o:p></o:p></span></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">This information is crucial to ensure
transparency and protect the interests of all parties involved</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal">
</p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">In the case of a large-scale share acquisition,
the buyer is also provided with additional relevant information by the seller. This
includes the company’s operational model and revenue strategies. It also covers
the business plan and other significant information that could impact the
agreement. Furthermore, the seller is required to itemize its assets,
properties, and resources, and provide a warranty in case any of the
aforementioned information proves to be inaccurate. This ensures a fair and
transparent transaction for both parties</span>.</span></p><p class="MsoNormal"><span style="font-family: arial;">.<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span></p><div class="embed-container"><span style="font-family: arial;"><iframe allow="autoplay" src="https://drive.google.com/file/d/1maFFFM6GZpI1jZIGnsspwGAC4kXdNIaB/preview"></iframe></span></div><span><span style="font-family: arial;">
><br /></span><p class="MsoNormal"><span style="font-family: arial;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">When entering into a purchase and sale of shares
agreement, the seller will forecast the company’s future growth potential. To
substantiate these projections, the seller will provide necessary supporting
documents such as market research reports and a business plan. This information
is crucial in helping the buyer make an informed decision</span>.</span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Typically, the seller is responsible for making
representations and warranties. However, this process can become intricate when
the buyer is an organization or when arrangements involve power of attorney.
Consequently, the seller should ascertain whether a third party has the
capacity to hold the buyer accountable</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">A share purchase and sale agreement includes a
timeframe from the initiation of the purchase offer to the agreement’s
finalization This period is characterized by certain activities that are
expected to take place, as well as those that should be avoided. These
stipulations are referred to as the covenants</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">A shares purchase and sale agreement necessitates
the inclusion of certain conditions. These conditions, which must be fulfilled
or postponed before finalizing the deal, are commonly known as the closing
conditions</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">In certain circumstances (such as if the seller
provides misrepresentations or commits fraud), the buyer may face legal or
financial repercussions. To safeguard against such instances, the buyer can
stipulate a condition requiring the seller to compensate them if such issues
result in negative outcomes. This is known as the indemnification clause of the
contract. It outlines the rights related to compensation. It also specifies the
conditions under which one party will be compensated if the other party
breaches the agreement</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">While the indemnification clause protects the
buyer, the agreement also includes provisions for terminating the transaction,
necessitating the cessation of the share purchase and sale. These scenarios are
covered by the termination clause, which can be categorized into three types of
conditions: those that must occur before the deal concludes, those that must
occur on or before the deal concludes, and those that must not occur on or
before the deal concludes</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">The final clause, known as the miscellaneous
provisions, addresses various issues not previously covered in the share
purchase and sale agreement. These may include identification definitions,
interpretation of headings, amendment procedures, time-related stipulations,
and conditions impacting the contemplated transaction, among others</span>.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">Need assistance with a convertible note
agreement? Visit Business Own Corporation – Global Administrators (BizOwn inc.)
</span><a href="https://www.octahedge.com/member-area" style="font-family: Arial, sans-serif; font-size: 12pt;" target="_blank">Member Area</a><span style="font-family: Arial, sans-serif; font-size: 12pt;">, to start
writing this agreement</span>.<o:p></o:p></span></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 21pt; mso-fareast-font-family: "Times New Roman";">purchase</span><span face="Arial, sans-serif"> <o:p></o:p></span></span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">/ˈpəːtʃɪs/</span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: arial;"> </span></b></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Verb</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: Purchase; third person present: Purchases;
past tense: Purchased; past participle: Purchased; gerund or present participle:
Purchasing</span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"> </span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">To acquire (something) by
paying for it; in other words, to buy</span>. <o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"><span style="font-family: Arial, sans-serif; font-size: 12pt;">For example, “Mrs. Green
found an antique tea set at a local yard sale and purchased it for $20. - Or -
A car sale involves the exchange of the car for money”</span>.<o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"> </span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Synonyms: Buy, acquire,
obtain, secure, invest in, procure</span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Noun</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: Purchase; plural noun: Purchases</span></p><ol start="1" type="1">
<li class="MsoNormal" style="line-height: normal;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The act of buying
something. For instance, “There is a wide array of smart devices currently
available for purchase.”</span></li>
<li class="MsoNormal" style="line-height: normal;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";">Refers to an item or items
that have been bought.<o:p></o:p></span></li>
<li class="MsoNormal" style="line-height: normal;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">In legal terms, ‘purchase’
refers to the acquisition of personal property by means other than inheritance.
For example, “The purchase was stored in the house.”</span></li>
</ol><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Synonyms: Acquisition,
order, transaction, deal, property, asset, possession, holding</span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 21pt;">sale</span><span face=""Arial",sans-serif" style="font-size: 21pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p><p><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">/seɪl/</span></p><p><strong><span style="font-family: arial; font-size: 11pt;"> </span></strong></p><p><strong><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Noun</span></strong><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: Sale; plural noun:
Sales</span></p><p><span style="font-family: arial; font-size: 11pt;"> </span></p><p><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">The act of exchanging goods or services for
money; the activity of selling something</span></p><p><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">For example, “The property is for sale. – or - A
car sale involves the exchange of the car for money.”</span></p><p><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Synonyms: Selling, distribution, disposal,
dealing, trading, transaction</span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 21pt; line-height: 107%; mso-fareast-font-family: "Times New Roman";">share</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">/ʃɛː/</span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: arial;"> </span></b></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Noun</span></b><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">: Share; plural noun: Shares</span></p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"> </span></p><ol start="1" type="1">
<li class="MsoNormal" style="line-height: normal;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">A portion or part of a
larger amount which is divided among several people, or to which several people
contribute.</span></li>
</ol><p class="MsoNormal" style="line-height: normal; margin-left: 1in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">For example, “Under the
agreement, shareholders would own a larger share of the company.”</span></p><ol start="2" type="1">
<li class="MsoNormal" style="line-height: normal;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Each of the uniform
segments into which a company's capital is split, granting the owner a
corresponding percentage of the earnings. For instance, “The company bought a
significant share of their core business.”</span></li>
</ol><p class="MsoNormal">
</p><p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: Arial, sans-serif; font-size: 12pt; line-height: 107%;">Synonyms: Portion, part,
division, segment, allotment, allocation, quota, stake, interest, claim, piece,
slice</span></p><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"></span><p></p><p></p></span><p></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-40520525653477932792023-11-01T11:02:00.010-07:002024-01-16T12:18:42.950-08:00Convertible Note Agreement<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBYUh9jhi3gOI_nEv9xREatuycBkrFG9jD41VQS3MDW11INChaS1-nifGYfQQULWhjq_0hAd9-NFN-XLc50-KDVdQzjPJPnYDa7ENxTV6RwP5bjjGhc7H9p_p-9vdKCwfIxreNabhOHflIrLj2Le1CwKwvjVxARdyVOWlSsgt1rTy-GrvJ6EcBSyuWRg0G/w154-h200/Convertible%20Note%20Agreement.jpg" style="display: none;" />
<p class="MsoNormal"><span style="font-family: arial;"><span face="Arial, sans-serif">When organizations or
individuals invest in a startup company through the provision of a loan as a
component of its first round of raising capital, wherein, rather than accepting
cash with interest on their return on investment, they can convert the loan to
shares as a feature of the startup's initial funding strategy, as per the clauses
of the convertible note agreement, these investors are commonly known as seed
investors. Thus, the convertible note agreement stipulates how capital is
invested into a particular startup as a type of transient loan, wherein, the
company is in its infancy and holds no real value, and neither is it being
valued during that time.</span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">There exist circumstances,
where convertible notes can be favorable. This, being due to the fact that they
create an opportunity, for a new company to secure the seed capital needed to
launch. Plus, they carry an added advantage of empowering the business, with
the value required to achieve a worthwhile valuation cycle at a future date.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A convertible note agreement,
is viewed as a sort of loan, with which organizations can cut through the red
tape, and the complexities of issuing out equity. Thus, businesses, venture
capitalists and other investors prefer convertible notes, since they're quick
and straightforward. Moreover, it is typical, that during the first round of
fundraising, a startup will struggle to determine its value, especially during
the pre-revenue period, or while searching for funding, to bring to fruition
the product or service to be sold. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Convertible notes are
typically held by organizations, or individuals who have placed capital into a new
business, and prefer, to roll back the work of concluding its valuation to a
later date, when it will be less complicated to show the value of the
organization. A convertible note is a sort of short-term loan that, is convertible
into stock in the entity. With the convertible note, rather than receiving,
with interest the principal due, the note holder credits cash to the startup,
in return for shares in the organization.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The way this arrangement (the
convertible note agreement) works, is that, the investor will furnish a new
business with credit and reimbursement terms, with any premium accrued during the
course of the loan cycle, alongside the maturity date. In any case, the
explanation that prospectors ordinarily prefer a convertible note agreement, is
on the grounds that, an organization has areas of strength which are suited for
growth. As opposed to reimbursing the convertible note, like one would ordinarily
credit, the prospector is paid with shares in the business. The venture
capitalist, is most likely seeking to gain admittance to the company at an
intensely lowered rate, compared to his interest in getting reimbursed on the loan.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The convertible note agreement,
must include clause/s covering failure to convert into shares (the note) by the
due date. There exists in this agreement, the provision to offer an extension, or
require repayment.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe allow="autoplay" src="https://drive.google.com/file/d/1Rn6mlkFcG9eg_bwCSN6ZTKJlrA83R8fO/preview"></iframe></span></div>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A convertible note agreement,
ought to be used by that organization which is in its infancy, or startup stage
and has secured potential seed investors. This is great for the beginning phase
of a new company, that is during that time on a high growth trajectory. This
early, or seed funding, allows the organization to gain value in the short
term.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The convertible note
agreement, is likewise, great for new businesses that need to rapidly get
financing. Initially the convertible note agreement is a loan, prior to
converting into shareholdership, thus the organization should be able to
demonstrate a high growth rate, with positive financial prospects in the short
term, for the notes to hold value for investors.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Since the convertible note
agreement is a loan, (you don’t need a </span><a href="https://blog.octahedge.com/2022/08/shareholders-agreement.html"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">shareholder’s agreement</span></a><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> etc.) to conclude this type of arrangement,
all you want is a promissory note. However, if the company is unable to achieve
success rapidly enough upon maturity, and the financier doesn't afford an
extension to the organization, it might need to repay the obligation with interest.
<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Irrespective of whether it’s
a new idea that you want to start, or you’re seeking capital for research and
development for your business, a valuation, for a startup business is next to
impossible to get. A convertible note agreement, notwithstanding, offers a huge
benefit. You and your investors can, (using real data, such as, rate of
development, deals, operational activities, etc.) calculate how much the
business is worth sometime in the not-too-distant future.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Although a convertible note
agreement, gives businesses a concise method for fund-raising, without the
difficulties and deferrals such as those found in ordinary share value discussions.
Prospective investors are attracted to the convertible note agreement, due to
its ability to return significant yields. Furthermore, they are easy to set up, and
provide leeway for the business to grow and reach those significant
achievements, without burdening its incorporators with lengthy fundraising
rounds. New companies and prospect shareholders must, nonetheless, move
cautiously and conscientiously. Conversely, startups should take care not to
enter into share dilution during fundraising, this could bring about critical
value weakening, so new businesses ought to think about their capital
necessities and any potential weakening ramifications.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Finding the right financier
is one of the main goals for any new company. In any case, it's vital for the
startup to consider all the facts, and then pursue the steps needed to make the
right choices with its shares. Convertible notes are valuable for the beginning
phase of an organization; however, the terms should be clearly understood. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Need assistance with a convertible
note agreement? Visit Business Own Corporation – Global Administrators (BizOwn
inc.) </span><a href="https://www.octahedge.com/member-area" target="_blank"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Member Area</span></a><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">, to start writing this agreement, as prepared by practitioners
with an average of 14 years of experience. BizOwn inc. – suppliers of a worldwide
professional writing service. <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 21pt;">convertible</span><span face=""Arial",sans-serif" style="font-size: 21pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">/kənˈvəːtɪbl/<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">adjective<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">adjective: <b>convertible</b><o:p></o:p></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="mso-fareast-font-family: Arial;">1.<span style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal;">
</span></span><!--[endif]--><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">of a
changeable structure, capability, or character.<o:p></o:p></span></span></p>
<p class="MsoNormal" style="text-indent: 0.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">"a
convertible couch"<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.5in; text-indent: -0.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">o (currency)
can be changed over into different investment vehicles, particularly gold or US
dollars.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">"a
formal commitment has been entered into by countries to convertible currencies
"<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1.5in; text-indent: -0.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">o (stocks
or bonds) can be changed over into ordinary or preference shares.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 1in; text-indent: 0.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">"selling offers and convertible
bonds"<o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">noun<o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">noun: <b>convertible</b>;
plural noun: <b>convertibles</b><o:p></o:p></span></p>
<p class="MsoListParagraph" style="mso-list: l0 level2 lfo1; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="mso-fareast-font-family: Arial;">1.1.<span style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size: 7pt; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal;">
</span></span><!--[endif]--><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></span></p>
<p class="MsoNormal" style="margin-left: 0.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">a
convertible security.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">"Investing
in convertibles can yield returns which are higher than those offered by
equities"<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 21pt;">note</span><span face=""Arial",sans-serif" style="font-size: 21pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">/nəʊt/<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><i><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">noun<o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">noun: note; plural noun:
notes<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">a written statement
certifying the commitment to payment on loan or credit.<o:p></o:p></span></p>
<p class="MsoNormal"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><span style="font-family: arial;">"a credit note"</span><o:p></o:p></span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-13066413839090373642023-07-13T07:24:00.003-07:002023-07-17T02:49:01.322-07:00BUSINESS OWN CORPORATION – GLOBAL ADMINISTRATORS WEBSITE HAS OFFICIALLY MOVED TO A NEW DOMAIN<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvkT2BtGkoaXhKhAWpkma9PWNZrSXdPY6eelvnJTXD7dhTiVInf4oyiVzykBegKhHEtNjEp6ZAlvGu6_xKiAEumB05JEshXcKIaKQgPJH3G9Frfl_DJwd8xGEmx6SUH07AGF7CYHJRZBQrtPwY5W_wClNF96-JYcUq8zwNCbjOFBPzASnrbQhYxafihwZn/w200-h133/Website%20Domain%20Name%20Change%20Announcement.png" style="display:none;">
<div style="text-align: right;"><span face=""Lato",sans-serif" style="font-size: 11pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><a href="https://rebrand.ly/lcro7rz"></a><div class="separator" style="clear: both; text-align: center;"><a href="https://rebrand.ly/lcro7rz"></a><a href="https://rebrand.ly/lcro7rz" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="pdf" border="0" data-original-height="127" data-original-width="103" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiD7cZJwcTIlc-ffcyMmSLdug0CGinJRbFIXa-cHyEhq5vzkhoy5fUk5s9HzjRTNzqtnIFc2faD_Og4yyqsr99rnAsKQVAdNtkKqQivtoxLP0FXCnrZuhoDRdMuPKNwwYe-_UcmQ7RuW1CQ8D_z2PipiZzFE6x2IiIlRwVtUFxt8k9mZraOpudip2m89vKr/s16000/pdf_logo.png" title="pdf" /></a></div><br /><br /></span></div><div style="text-align: right;"><br /></div><div style="text-align: right;"><span face=""Lato",sans-serif" style="font-size: 11pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><a href="https://rebrand.ly/lcro7rz">PDFVersion</a></span></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><p class="MsoNoSpacing" style="text-align: center;"></p><p align="center" class="MsoNoSpacing" style="text-align: center;"><b><span face=""Lato",sans-serif">Domain Name has changed, what does this
mean for your company<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">Business own
corporation – G.A (BizOwn inc), </span><a href="https://www.octahedge.com/"><span face=""Lato",sans-serif">www.octahedge.com</span></a><span face=""Lato",sans-serif">, July 11, 2023, a leading provider of
socio, business & professional development solutions known for the
high-quality legal, business and financial documents which can be created on
any device with an internet connection, is officially launching its new domain
name, </span><a href="https://www.octahedge.com/"><span face=""Lato",sans-serif">www.octahedge.com</span></a><span face=""Lato",sans-serif">. With this change it will offer an even
more comprehensive service. Nothing has changed, it continues to provide the
same great service you’re accustomed to under the previous domain www dot
biz-own dot ga. Anyone visiting the website can now follow it @ </span><a href="https://www.octahedge.com/"><span face=""Lato",sans-serif">BizOwn
inc</span></a><span face=""Lato",sans-serif">.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">The company
transferred to our new domain in June 2023 to better symbolize our expanding
range of worldwide capabilities. And, as a result, the brand has decided to
formally migrate the Business Own Corporation to a new domain name.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">The Business Own
Corporation is one of the few platforms for creating specialty documents as
required by the business professional. Leveraging its website and capabilities
ensuring guaranteed customer satisfaction.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">Additionally,
and in contrast to many other service providers, The Business Own Corporation
can be used without any technical knowledge, thus creating a platform for
anyone to create proficient business, legal or financial documents. This also
allows users who take advantage of the platform to excel professionally.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">The company is
always testing new, innovative ideas to deliver the goods the customers want.
Business Own Corporation provides an opportunity to do that while also creating
growth strategies that are beneficial to its patrons. As a digital
direct-to-consumer brand it is uniquely positioned to deliver a compelling
business platform, and is looking forward to onboarding new innovations as it
expands.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">The platform
list spans an assortment of categories such as Advertising, Banking, and
Proxies alongside a wide range of informative articles.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><b><span face=""Lato",sans-serif">Please visit
the website at its new domain to write a new document </span></b><a href="https://www.octahedge.com/"><b><span face=""Lato",sans-serif">www.octahedge.com</span></b></a><b><span face=""Lato",sans-serif"><o:p></o:p></span></b></p>
<p class="MsoNormal"></p><div style="text-align: left;"><b><span face=""Lato",sans-serif">About BizOwn
inc.:</span></b></div><span face=""Lato",sans-serif"><div style="text-align: left;">The Business Own
Corporation is introducing to people tools that tackle all the elements
required for their business, legal and financial advocates, using pre-formatted
cutting-edge google-able questions to create any legal, business and financial
document/s in a manner which is both efficient and uncomplicated. The
repository is being filled with essential contracts, agreements, resolutions,
spreadsheets, plans, proposals, press releases, and policies, these documents
greatly simplify and accelerate all professional writing tasks.</div></span><p></p>
<p class="MsoNormal"></p><div style="text-align: left;"><b><span face=""Lato",sans-serif">Media
Contact:</span></b></div><span face=""Lato",sans-serif"><div style="text-align: left;">Business Own Corporation
– Global Administrators (BizOwn inc)</div><div style="text-align: left;">Suzette Basson</div><div style="text-align: left;">Director, Global Communications</div></span><div style="text-align: left;"><a href="mailto:suzette.basson@octahedge.com?subject=Media%20Communication:%20"></a><a href="mailto:suzette.basson@octahedge.com?subject=Media%20Communication:%20"><span face=""Lato",sans-serif">suzette.basson@octahedge.com</span></a></div><p></p>
<p class="MsoNormal" style="text-align: left;"><b><span face=""Lato",sans-serif">Forward-Looking
Statements<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">This press
release contains forward-looking statements that involve risks and
opportunities, including statements regarding the Company’s announcement of its
new domain www dot octahedge dot com, its plan to expand its current list of
corporate documents as can be found in the repository </span><a href="https://www.octahedge.com/member-area"><span face=""Lato",sans-serif">www.octahedge.com/member-area</span></a><span face=""Lato",sans-serif"> to provide more options in categories
that complement the most current trends, its plans to meet the demands of its
growing customer base, and its assessment of its positioning to deliver a
compelling platform model and ability to onboard new innovations and expand.
There are a number of important factors, opportunities, and risks that could
cause actual results to be materially different from those described in these
forward-looking statements, including the following: the Company's consolidated
results of operations, financial position, and cash flows, as well as the
impact of COVID-19 on operations, customer demand, and the supply chain;
however a sufficient number of users may still be able to achieve their
objectives thanks to the company's platform; the Company might find success in
carrying out its essential drives, or its drives might desiredly affect
business; the company's capacity to provide services that customers are willing
to pay for; customer’s usage of the website facility of the company, inclusive
of user approval of its endeavors to develop further its business developmental
platform, together with the informative website(blog); customer reaction to the
company's advertising efforts in all media; the company's upkeep of a growing
number of customers; the company's reliance on information technology and the
failure of those information technology systems, including its digital business
portal; the system's inability to upgrade or adapt; the Company's capacities
(or inability) to keep up with the security of client, worker or organization
data; shortfalls derived through third parties who provide organizational
administrations regarding specific parts of its business being unable to meet
their commitments; the antagonistic impact on the Company's standing in the
event that its suppliers don't approach their strategies morally with regards
to best business practices and policies, or consent to relevant regulations and
guidelines as advocated by law ; adverse global economic and market conditions,
including economic factors that have a negative impact on the Company's
business in relation to consumer spending on discretionary items; and
additional possibilities, dangers, ambiguities, and other yet unknown factors.
Except as required by law, the company intends the forward-looking statements
to speak only at the time they were made and does not promise to revise or
update them as additional information becomes available.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span face=""Lato",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span face=""Lato",sans-serif"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: left;"><span face=""Lato",sans-serif">Source: Business
Own Corporation – Global Administrators (BizOwn inc)<o:p></o:p></span></p><br /><p></p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-36712704200162846872023-05-01T00:11:00.009-07:002023-07-17T02:49:57.790-07:00Terms of Service Agreement<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieX8YbkmTHDwan5KMeHCI0g7xaNr8aSHuNjbw49rJ5FCyZ8oNcQgq796QXZ2Y2r4zZeQsBvH3dQCQT9-R2KE8wrhJd4waU9AvfFKGxZSFdEKww7lW7_WvChLa2p_XLJ_yWfJ41jKyTZivzsIk-WvyLvgU9WBdZBfUD9JYTc7eCekAEfuKD3COfjiWXgg/w200-h160/Terms%20of%20Service%20Agreement.jpg" style="display:none;">
<p style="text-align: left;"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">A terms of service agreement, is a document that
covers the rules of engagement related to the services being provided by the
service provider. The coverage of this document includes (1) services provided,
(2) calculation of fees and other charges, (3) billing arrangements, (4)
non-payment, (5) request for fee details & remaining work estimate, (6)
termination by client, (7) termination by service provider.</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">If, for instance, one owns an insurance company,
the terms of service agreement establish the standards that should be met by
service provider and client. when the agreed-upon contract is broken, the terms
of service agreement provide a framework for mitigating, restricting and
terminating abuse.</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><span style="font-family: arial;"><div style="text-align: center;">-----------------------------------------------------------------------------------------------------------------</div><div style="text-align: center;">------------------------------------------------------------------------------------------------------</div><div style="text-align: center;"><br /></div><div><span style="font-family: arial;"><br /></span></div><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">The termination disclaimer states the conditions
to which nether service provider or the client will be held liable if an of
those terms are violated, this feature of the terms of service is key and
should never be left out. Structuring the terms of service agreement in a
manner that addresses the way this termination happens is crucial. If you
don't, you might expose yourself to liability issues.</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">The request for fee details & remaining work
estimate is another important element in any terms of service agreement. Including
a request for fee details & remaining work estimate will safeguard against
inconsistency, mismanagement over expenditure of monies. Even though this is an
important part of the agreement, it should be clearly understood by the service
provider before the commencement of any work. When the client makes a request
for fee details & remaining work estimate, the service provider is
obligated to furnish an itemized detail of the records concerning the work,
i.e., the expenses incurred, and the projected cost of completing the work. The
requested fee details provide the client with a synopsis of the fees and work
expected from the service provider.</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Did you know that services provided
electronically, such as software, websites and mobile applications must always
be accompanied by a terms of service agreement. Due to misunderstandings and
miscommunications that can happen between a service provider and the client, it
is advised that the relationship be guarded by a terms of service agreement.</span><br /><br /></span><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Why should you always implement a terms of
service agreement in business? Many people acquire the services a service
provider without the use of a terms of service and just accept a verbal
agreement. As such the work provided by the service provider frequently contains
shocking results or changes that people are surprised to learn about. The
client in such an instance will usually criticize the service provider without
understanding that these misunderstandings can easily be avoided through a use
of a contract.</span><br /><br />
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container"><iframe allow="autoplay" height="" src="https://drive.google.com/file/d/1ih3F9cQUi0oCua9dDHkmhrjFCV1gQcri/preview" width=""></iframe></div>
<br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">If you do not make use of a terms of service
agreement you might be giving up some important individual rights to which you
are entitled. here is a list of them:</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Having the work clearly described and writing.</span><br /><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Having a projection of all the costs involved
in completing the work beforehand.<o:p></o:p></span></p><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Have a laid out and clear billing arrangement.</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">It's possible that law enforcement will receive
your user data without your knowledge or consent.</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Making provision for nonpayment or failure to
complete work.</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Staying up to date with regards to the progress
and set time of completion of work.</span><br /><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Establishing conditions for termination of the
work by either client or service provider.<o:p></o:p></span></p><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Before using the services of any service
provider, one should always engage a terms of service agreement because
businesses have different ways of working and you do not want to find yourself
on the receiving end of a deal gone wrong.<o:p></o:p></span></p><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">There are important steps to take when creating
a comprehensive terms of service agreement if you want to avoid headaches
unnecessary delinquency.<o:p></o:p></span></p><br /></span><div><span style="font-family: arial;"><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Clearly define what the terms of service are
and secure a signature before commencing any work.<o:p></o:p></span></p><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">The service provided by the service provider
should be clearly mentioned.<o:p></o:p></span></p><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Mention the product or service that your
company offers.<o:p></o:p></span></p><div><span style="font-family: arial;"><br /></span></div><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">The terms of service agreement guidelines to
which the service is provided, should be clearly stipulated.<o:p></o:p></span></p><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Include the service provider’s acknowledgement
that they will abide by the stipulated provisions while providing the service.<o:p></o:p></span></p><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">There should be Included in the agreement the limitations
on liability and disclaimers.<o:p></o:p></span></p><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Mention the repercussions of non-adherence to
the service terms.<o:p></o:p></span></p><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Visit Business Own Corporation – Global
Administrators (BizOwn inc.)<span style="color: #ed7d31; mso-themecolor: accent2;">
<a href="https://www.octahedge.com" target="_blank">MIND Repository</a> </span>to start writing a terms of service agreement for your
company. BizOwn inc. provides a world class professional writing service.</span><br /><br /></span><div style="text-align: center;"><span style="font-family: arial;">-----------------------------------------------------------------------------------------------------------------</span></div><div style="text-align: center;"><span style="font-family: arial;">------------------------------------------------------------------------------------------------------</span></div><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 23pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">term</span></p><br /><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">/tərm/</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">noun</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">noun: <b>term</b></span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">plural noun: <b>terms</b></span><br /><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">The condition/s that must be met before an
action can be taken or an agreement can be reached; required by law or by
agreement.</span><br /><br /><br /><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">"He could only work once terms had been
reached"<o:p></o:p></span></p><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Synonyms: conditions, stipulations, specifications,
provisions, restrictions, qualifications, particulars, points, clauses, rates,
charges, costs, fees, and tariffs are the agreed-upon terms under which a war
or other dispute is ended.</span><br /><br /></span> <br /><br />
<p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 23pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">service</span></p>
<span style="font-family: arial;"><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">/ˈsərvəs/</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">service</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">noun</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">noun: <b>service</b></span><br /><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">the activity of aiding or taking care of
business for somebody.</span><br /><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">"The company provided a great service"</span><br /><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">plural noun: <b>services</b>: "He offered
us a variety of services"</span><br /><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Synonyms:</span><br /><br /><span face=""Arial",sans-serif" style="font-size: 13pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">an act of assistance is a good deed, a gesture
of kindness, a helping hand, assistance, assistance in offices, and
demonstrations.</span>.</span><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieX8YbkmTHDwan5KMeHCI0g7xaNr8aSHuNjbw49rJ5FCyZ8oNcQgq796QXZ2Y2r4zZeQsBvH3dQCQT9-R2KE8wrhJd4waU9AvfFKGxZSFdEKww7lW7_WvChLa2p_XLJ_yWfJ41jKyTZivzsIk-WvyLvgU9WBdZBfUD9JYTc7eCekAEfuKD3COfjiWXgg/w200-h160/Terms%20of%20Service%20Agreement.jpg" style="display: none;" /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-13719499138378707802023-02-15T18:42:00.015-08:002023-10-23T10:06:10.352-07:00Joint Venture Agreement<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlQ59uOYpE4BBv1sMT1bxKXsBopVrIsE4tleRtcF-BBcnJR65qVFj6g3OwKbWBztJmNz6NBRnwacnvmQqm3qWy84Rj8YY5KGzJ_4oWMIBs3rvelGLasOcZ6O9POGtj-IuI15B5B65igclT9V-lCtnxdGHGn6RFy2OS2SZwVE44D9r3Hom2Hu_1gLhdlg/w200-h164/Joint%20Venture.jpg" style="display: none;" />
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">When two or more parties
enter into an agreement to combine their capabilities in order to complete a
certain project, this type of business arrangement is known as a joint venture agreement.
This includes anything from a brand-new venture involving new markets, to one
party venturing into the market space(s) of the other party.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Even though the joint venture
stands on its own and is distinct from other business interests of the parties.
The expenses, losses, and profits accrued as a result of the venture are the
property of each party solely. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A joint venture (JV) can be
formed using any legal structure such as partnerships, limited liability
companies (LLCs), corporations, and any other type of proprietorship, however,
it is a common perception for it to viewed only in the sense of a partnership.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Companies that combine their
expertise by way of a joint venture are able to utilize these combined
resources to accomplish the venture's objective. Leveraging resources in this
manner is one of the primary motivations for forming joint ventures. A joint
venture collaboration between a company with a well-established manufacturing
process and one that has superior distribution channels might capture a large
segment of the market while offering a more superior product to the end user. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A joint venture agreement is
usually drawn up for short-term projects, but they can also be formed for a
longer-term objective. Joint ventures can, through the combination of large and
small operations take on multiple projects and deals simultaneously.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A joint venture can also
result in cost savings where both businesses in the joint venture can consolidate
their production at a lower per-unit rate than they would individually. This is
especially advantageous in instances when technological advancements and their implementation
can become too costly for the companies to achieve if pursued outside of the
joint venture.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Say your company wants to
expand its service or product offering to new countries, it can sign a joint
venture agreement to supply products to said country’s regional corporation and
take advantage of the already existent ecosystem. Companies that want to enter
foreign markets frequently employ joint ventures, in which they collaborate
with the regional market leader to do so. A joint venture with a local entity
is sometimes almost the only way to conduct business in some regions, this
especially true for those countries with policies preventing foreign entities
from entering their market.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The joint venture agreement
details each party's rights and responsibilities and is a crucial document in
this regard, this is regardless of the joint venture type or structure. It is
therefore essential that your joint venture agreement be meticulously written
to avoid unnecessary court battles at a later stage. The agreement clearly articulates
the various aspects of the joint venture: the goals, the venturer’s initial
investments, how the daily operations of the venture will be handled, accounting
for the profits and losses. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Establishing new proprietorship
is a route most commonly followed when entering into a joint venture agreement.
This, and due to the business type will in turn determine how the taxes are
paid. If the joint venture is set up as an LLC, its profits and losses will
reflect on the owner’s individual tax returns. The joint venture is a separate
legal entity and will pay taxes in accordance as a separate business.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The joint venture agreement
will detail if it is merely a contractual relationship. The agreement will
stipulate the taxation on the profits and losses and how they will be divided
hereto. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container"><iframe allow="autoplay" src="https://drive.google.com/file/d/1L-wNwU3FPrh9s1ol8i2-IUaCvcP3K5Ca/preview"></iframe></div>
<p class="MsoNormal"><br /></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The term partnership is
reserved for the incorporation of an entity owned by two or more people. Joint
ventures however, bring together two or more distinct businesses into a new one.
Safe to say, the partnership agreement is not a joint venture agreement.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">An association of two or more
companies known formally as a consortium, bears the similarities of a joint
venture although it is not one, in that, companies can form a consortium
without having legally incorporated a separate business entity. For instance, a
group of companies can work together to offer their customers better prices and
special rates without formalizing the process, whereas everybody continues to
operate their businesses independently and pursuant to their own objectives,
with each party being responsible for its risks, profits, losses, and
governance within the consortium.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">During the lifespan of the
joint venture, the risks and benefits are shared among the joint venturers,
this allows each venturer access and use to the resources of the other
venturers, without the financial obligation that would be attached if they were
not involved in such a venture, this is one of the main advantages of a joint
venture. Once the venture is retired the parties hereto are able to resume
their identity and continue with their operations.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">When a joint venture agreement
is in place, it will typically be accompanied by <a href="https://blog.octahedge.com/2021/01/non-disclosure-agreement-nda-unilateral.html" target="_blank">non-disclosure</a> and exclusivity
agreements. These might prohibit participating companies from partaking in
certain activities outside of the venture during the course of the project. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">When a joint venture reaches
the end of its lifespan, a definite plan detailing how the venture will be
dissolved in order to avoid lengthy discussions, costly legal battles, biased
practices, and the effects of the dissolution on customers; while taking into
account any potential financial loss, such a plan -in practice- is known as an
exit strategy. Exit strategies provides to the joint venturers certain
advantages especially in terms of conflict avoidance or resolution. The exit stagey
will stipulate the rights of the ventures regarding the selling of the new
business, operational spinoffs, and or employee ownership and retention.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Joint venture agreements are
only ideal when the mission and success of the venture is being equally
committed to by all parties hereto.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Joint ventures enable the
business entities involved to be able to enter into new markets at a relatively
low cost. Although this seems like the perfect situation, bear in mind that in
a joint venture each company contributes its own expertise, and the venture’s
costs are shared.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">**Note: Also remember that a
joint venture for which a separate business entity has not been established may
expose the venturers to liabilities like those attributed to a partnership. And
that, even though the joint venturers share control, the work load and resources,
these are not always divided equally.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">This article the joint
venture agreement has been written for your benefit in understanding the
importance behind this agreement, </span><span face="Arial, sans-serif">write and download more documents at the Business Own
Corporation's - </span><span face=""Arial",sans-serif" style="mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span><span face="Arial, sans-serif">.</span><span face="Arial, sans-serif"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 21pt;">joint</span><span face=""Arial",sans-serif" style="font-size: 21pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">/dʒɔɪnt/</span><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial; font-size: 13.5pt;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 16.5pt; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 10.5pt;">noun</span></i><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">noun</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">joint</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><span face="Arial, sans-serif" style="font-size: 10.5pt;">plural noun</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">joints</span></b><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">1.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">a place at which two or more components
are joined.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"The valve of a car is joined with a
seal to prevent unauthorized valve operation"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in;"><span style="font-family: arial; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">2.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">The points of partition at which the body
of person or animal’s skeletal are fitted together.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"Her stiff joints make bending for
any reason quite difficult"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">3.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><b><span face="Arial, sans-serif" style="background: rgb(241, 243, 244); font-size: 8.5pt; letter-spacing: 0.25pt; text-transform: uppercase;">INFORMAL</span></b><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">A specific place where people meeting for
drinks, or entertainment.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"the arcade joint"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 16.5pt; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 10.5pt;">adjective</span></i><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">adjective</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">joint</span></b><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: Arial;">1.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span face="Arial, sans-serif" style="font-size: 10.5pt;">An
activity or thing which is shared, held, or made by two or more people
together.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"a joint response was given by the
opposing teams"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 10pt; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: "Courier New";">o<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span face="Arial, sans-serif" style="font-size: 10.5pt;">sharing in a position,
achievement, or activity.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"a joint winner"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 10pt; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: "Courier New";">o<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><b><span face="Arial, sans-serif" style="background: rgb(241, 243, 244); font-size: 8.5pt; letter-spacing: 0.25pt; text-transform: uppercase;">LAW</span></b><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">When two or more parties are viewed as
one - regarded together.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 16.5pt; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 10.5pt;">verb</span></i><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">verb</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">joint</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><span face="Arial, sans-serif" style="font-size: 10.5pt;">3rd person present</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">joints</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><span face="Arial, sans-serif" style="font-size: 10.5pt;">past tense</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">jointed</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><span face="Arial, sans-serif" style="font-size: 10.5pt;">past participle</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">jointed</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><span face="Arial, sans-serif" style="font-size: 10.5pt;">gerund or present
participle</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">jointing</span></b><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">2.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">Make something available or fasten with
joints.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt; mso-list: l3 level2 lfo2; tab-stops: list 1.0in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 10pt; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: "Courier New";">o<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span face="Arial, sans-serif" style="font-size: 10.5pt;">Weld together the
joints of the chain.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 21pt;">venture</span><span face=""Arial",sans-serif" style="font-size: 21pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">/ˈvɛn(t)ʃə/</span><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial; font-size: 13.5pt;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 16.5pt; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 10.5pt;">noun</span></i><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">noun</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">venture</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><span face="Arial, sans-serif" style="font-size: 10.5pt;">plural noun</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">ventures</span></b><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt; mso-list: l1 level1 lfo3; tab-stops: list .5in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: Arial;">1.<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span face="Arial, sans-serif" style="font-size: 10.5pt;">An
undertaking involving certain risk.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"pioneering ventures into territories
where no one has been before"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt; mso-list: l1 level2 lfo3; tab-stops: list 1.0in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 10pt; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: "Courier New";">o<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span face="Arial, sans-serif" style="font-size: 10.5pt;">Entering into a certain
type of business venture.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">" the two spectacle manufactures
have entered into a joint venture"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 16.5pt; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 10.5pt;">verb</span></i><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">verb</span><span face="Arial, sans-serif" style="font-size: 13.5pt;">: </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">venture</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">ventures</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;"> ventured</span></b><span face="Arial, sans-serif" style="font-size: 13.5pt;">; </span><b><span face="Arial, sans-serif" style="font-size: 10.5pt;">venturing</span></b><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">1.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">Embarking on a certain course of action
that involves risk.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 51.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 51pt;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 10.5pt;">"she <b>ventured </b>into deep
an uncharted waters"</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt; mso-list: l2 level2 lfo4; tab-stops: list 1.0in; text-indent: -0.25in;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 10pt; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: "Courier New";">o<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span><!--[endif]--><span face="Arial, sans-serif" style="font-size: 10.5pt;">expose to the risk of
loss.</span><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: 12pt; margin-bottom: 0in; margin-left: 96.0pt; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 96pt;"><span style="font-family: arial; font-size: 10.5pt;">"agents use other people's money to
take risks, they do not venture with their own capital"</span></p><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlQ59uOYpE4BBv1sMT1bxKXsBopVrIsE4tleRtcF-BBcnJR65qVFj6g3OwKbWBztJmNz6NBRnwacnvmQqm3qWy84Rj8YY5KGzJ_4oWMIBs3rvelGLasOcZ6O9POGtj-IuI15B5B65igclT9V-lCtnxdGHGn6RFy2OS2SZwVE44D9r3Hom2Hu_1gLhdlg/w200-h164/Joint%20Venture.jpg" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-2454469006813362832022-11-01T03:14:00.032-07:002023-07-01T14:06:55.204-07:00Agreement to Lease<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl-68bS-6fyud2B6K5scFxk4h4LhM77gTR62GnHFDaW9-lKk5GcMg1ojBFEFhxVa5ha4b_jvINLbHo2F55uLJVO-pWKUVHihkFNe-QQ1Az5F06cXXXEWPimbHKP1FDmOC7qpzD_fw92MLjUyjHMkmUibycE1laVBokByM16R3vZUfgziLxA--1AnNbWQ/w200-h165/Agreement%20to%20Lease.jpg" style="display: none;" />
<p><span style="font-family: arial;"><span face="Arial, sans-serif">A lease agreement serves as a
legitimate agreement between the lessor (property owner) and the lessee (renter).
Accordingly, it is vital to ensure that the contract completely and thoroughly represents
the rules, policies, and conflict resolution procedures for use of the property
being leased, while ascertaining the lessee and lessor’s obligations. An
expressly written contract far outweighs a handshake or verbal agreement which is
inadmissible in court.</span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A lease gives the lessee the
right of usage of the investment property during the agreed upon term in return
for installment payments to the lessor. A lease agreement stipulates the lessor
and lessee's freedoms and commitments when the lessor rents out property to a
lessee. Either party can be an individual or organization. The reason for lease
agreements is to lay out lease terms so parties are bound to them. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Without an agreement to
lease, demonstrating the settled upon terms and liability becomes troublesome.
A written agreement safeguards lessors by guaranteeing that lessees are bound
to the provisions of their lease. It is normal for lessors and lessees to have
differences concerning certain issues, for example, who is liable for the
repair costs of said property. Having a lease agreement can be very useful on
the chance that a lessor needs to pursue the legal route in order to claim
their property from the lessee.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">For the most part, a lease
incorporates any private or public property, including whole structures as well
as individual units inside structures. A lessor who possesses a property (whether
for private or commercial use) and rents it out to a lessee, needs a lease
agreement. Similarly, a lessee who is paying rent on a property and their
lessor hasn’t presented a lease agreement, ought to consider making one and
introducing it to the lessor.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">There exists, certain terms
in the agreement to lease which should be specified by the lessor, for example,
whether lessee can rent out the lease property to another third party
(sublease), or whether they need the lessor to assent prior to subleasing. Seeking
protection behind a lease agreement as a lessee provides a safeguard, in that,
a written record of the right to utilize the rental whether for private or commercial
reasons can be kept. Additionally, an agreement to lease will be necessary to
keep the lessor bond to their obligations.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container"><iframe allow="autoplay" src="https://drive.google.com/file/d/1l88VwAyjr6xl0hU0caGuvxOOkX3h8nze/preview"></iframe></div>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">As the lessor, it doesn’t
matter if you are renting out a store, office space, or a factory and vehicles,
you likely must prepare to safeguard yourself and the lessee. drafting a lease
is a significant stage of business. Leasing of property, regardless, is a
complicated matter, and it can take some time to find the right lessee to take
hold of the property you're leasing out.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Research is key to draw up
the right lease. For instance, for a business lease, one ought to be educated
on the zoning regulations, environmental and nuisance laws.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Upon finding a lessee, the
lessor has to undertake one final step, which is signing an agreement to lease,
prior to permitting the lessee to commence to take over ownership of property,
and begin on the business of their particular activity. An agreement to lease
is a significant piece of testimony that should be set up in order to keep one
secured.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The lessor should Know the
amount they are charging the lessee i.e., know what precisely you're covering
and how much your lease will increase annually. Know if you want to include in
your price additional payments such as maintenance, insurance or utilities), or
will you bundle every one of the costs into a singular monthly lump sum?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Discuss in details how the
lease will be handled in the event that the lessee wants to transfer the lease
to another third party. This type of transaction is also known as assignment, wherein
one party is permitted to relegate (or assign) to another party or parties to
completely assume control over the lease, including the subletting of the
property.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">While composing a lease
agreement, one needs to do a great deal of arranging, it ought to be nothing
unexpected that the fine print in a lease agreement is vital. You need to write
your agreement so that it maintains an all-rounded approach and its’ range is
as wide as could be expected. There are two fundamental stages to consider
while drafting an agreement to lease, in particular: research conducted should
be extensive, and that you should know about the statutes that are typically included
in commercial leases.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A lease is recommended any
time a lessor rents out a property, a lease agreement is legitimately the
official agreement between a lessor and a lessee. A lease creates between the
lessor and lessee, a long-term relationship, wherein, a lease is typically effective
for around three to five years.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Did you know: When it comes
to regulation, that, a commercial lease has less regulation attached to it, but,
offers less security than a residential lease. They are similarly longer in
span than residential leases, and afford greater adaptability with regards to
arranging the terms of the lease. Furthermore, it should be noted that the
lessee in a private lease agreement (such as a residential lease) is typically
not liable for making property tax payments, while on the other hand with a
business lease, it is a common practice fort the lessee to pay property tax, at
least a portion of it.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">This article has been written
to give a better understanding of the basic psychology and importance behind
the lease agreement, </span><span face=""Arial",sans-serif" style="color: black; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";">write
& download your own lease agreement via the Business Own Corporation's - </span><span face=""Arial",sans-serif" style="mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span><span face=""Arial",sans-serif" style="color: black; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";">.</span><span face=""Arial",sans-serif" style="color: black; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span class="hw"><span face=""Arial",sans-serif" style="font-size: 27pt;">lease</span></span><span face=""Arial",sans-serif" style="mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span class="pos"><b><i><span face=""Arial",sans-serif" style="font-size: 10.5pt; line-height: 107%;">verb</span></i></b></span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span class="region"><b><span face=""Arial",sans-serif" style="text-transform: uppercase;">UK</span></b></span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="margin-left: -3.75pt;"><span style="font-family: arial;"><span class="daud"><span face=""Arial",sans-serif"> </span></span><span class="pron"><span face=""Arial",sans-serif">/</span></span><span class="ipa"><span face=""Arial",sans-serif">liːs</span></span><span class="pron"><span face=""Arial",sans-serif">/</span></span><span face=""Arial",sans-serif"> <span class="region"><b><span style="text-transform: uppercase;">US</span></b></span><span class="daud"> <o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span class="daud"><span face=""Arial",sans-serif"> </span></span><span class="pron"><span face=""Arial",sans-serif">/</span></span><span class="ipa"><span face=""Arial",sans-serif">liːs</span></span><span class="pron"><span face=""Arial",sans-serif">/</span></span><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">to make a legitimate
agreement by which cash is paid to utilize land, a structure, a vehicle, or equipment
for an assented timeframe:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">60 trucks from our fleet have
been leased to an international logistics company for the next 36 months.</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-28429200998297037392022-08-03T02:42:00.005-07:002023-10-23T10:10:06.667-07:00Shareholders Agreement<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvtFolbybfq51qlHbjBKLx67lrCtdrvAUqM2WZ_mPUSNhJ64k9RU9zG9JGnTv5y0Y3RmwlQjp_OrMw8t2ecJeqnYklTG4ei2IiqDepTmA8YFSCbswFheElrRwvN-05Vj9ZoykSWaqDPhE-LvX5bUrechuvMEqhYVA7WC6Mv33cGpIPEhErfy7rOZtBhg/w200-h116/Shareholders%20Agreement.jpg" style="display: none;" />
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Planning in advance for
issues, or discourse that may arise, can assist with the prevention of the
separation of a business at a later stage.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A shareholders agreement,
likewise also called a stockholders agreement, is the arranged game plan between
investors, depicting how an organization ought to be run, while stipulating the
shareholders' commitments, rights, privileges and protection thereof. This contract,
additionally has included in it, data regarding the administration of the organization
(how the company will be managed, and by whom etc.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">At any point, when you are
collaborating with others, it is advisable to draw up a contract between
yourself and your business partners. Limited liability corporations, ought to establish
an understanding among themselves, to manage different issues which frequently
emerge, in the activity of an organization, this, is especially true, for those
organizations with a group of shareholders, who actively run the company (around
two to five shareholders). Besides the fact that, such an agreement can provide
oversight regarding the activities of the organization, and similarly the
duties, as well as the rights of the partners. The Shareholder Agreement, is
intended to assist the proprietors, with managing various issues which emerge
throughout any business’s turn of events. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Before we proceed, lets conduct
a quick recap; A shareholders agreement is the undertaking of an organization's
investors, portraying the investors' privileges, and commitments regarding the
organizations’ operations.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> similarly, the shareholders agreement acts as
a safeguard for investor rights, thus ensuring that shareholders deal
reasonably with each other.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">And, it additionally permits
investors to arrive at conclusions regarding the criterion for external parties
wishing to become shareholders in the future while giving protection to
minority shareholders.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Now, dealing with the crux.
It is important to consider that, when addressing certain topics and methodology,
regarding <span style="color: #ed7d31;"><a href="https://blog.octahedge.com/2021/05/dealing-with-shareholders-and-investors.html" target="_blank">dealing with investors</a></span>,
a shareholders agreement might be fitting in order to (1) distinguish, or
restrict the taking on of new shareholders (see Also: <a href="https://blog.octahedge.com/2018/08/adhesion-to-unanimous-shareholder-agreement.html" target="_blank">Adhesion to Unanimous shareholder Agreement</a>),
or the retention of founding members. (2) let’s assume that, one shareholder
decides to sell their shares. Through the shareholders agreement, the founding
shareholders can set up a buy back of the seller’s portion, in relation to
their shareholdings. This is done to safeguard the founding shareholders
portion in the company in proportion to each shareholder’s portion of shares.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">It may also serve to (1)
provide preventative means for the founding shareholders regarding open market
shares, thus preserving their portions in proportion to the open market (or
outstanding) shares. (2) These types of measures will limit the ‘willy-nilly’
transfer or sale of the shares. (3) It is advisable that decisions in the
organization be determined through a high majority vote rather than just a majority.
This strategy can provide control towards the management of the company and
amongst the shareholders themselves.</span></p><p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><br /></span></p>
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container"><iframe allow="autoplay" src="https://drive.google.com/file/d/18MLPwj3s816LOXYioqH7FOJOUgtzmtIy/preview"></iframe></div>
<p class="MsoNormal"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span><span style="color: red;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">(1) To prevent disputes in
instances such as disability, end of work by the company etc. A shareholder s
agreement guarantees that the company itself or the founder members have the right
to buy back those shares from the shareholder, being triggered by these aforementioned
conditions. (2) These selfsame triggering conditions may provide a guarantee
that a shareholder’s portion in the organization might be sold back to the
company or remaining shareholders, or else have a strategy for exiting. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">(1) To stipulate how the board
will be run company and determine how communication will occur between the managing
director(s) and shareholders (non – management) to decide on specific issues. (2)
To plan towards the progression of proprietorship and the shareholder’s
obligations. (3) To provide a system for settling disagreements or any deadlock
that might occur between the shareholders. (4) To provide guidance on the
paying out of profits. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">(1) To give minority shareholders
the right to partake in any sale of shares by the shareholder/s holding a majority
of the shares within the enterprise. (2) in instances where the majority sold a
certain number of shares (of which some (or all) include those of the minority
shareholders) as per a shareholders agreement, the majority shareholders can
force the minority to participate in the sale of their shares. This is done so
that the majority can deliver all the shares as covered by the agreement. (3) To
provide provisions that will ensure that the shareholders do not take business
away from the company, example: through a non-compete or non-solicitation
clause. (4) Safeguarding Trade Secrets.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The Business Own Corporation
Global Administrators are accessible to assist you with any inquiries you might
have with regards to composing a </span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><a href="https://www.octahedge.com" target="_blank">shareholders agreement</a></span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="color: #202124; font-family: arial; font-size: 21pt; mso-fareast-font-family: "Times New Roman";">shareholder<o:p></o:p></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><span face="Arial, sans-serif">/ˈʃɛːhəʊldə/</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><i><span face="Arial, sans-serif">noun</span></i><i><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></i></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><span face="Arial, sans-serif">noun: shareholder;
plural noun: shareholders; noun: share-holder; plural noun: share-holders</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><span face="Arial, sans-serif">1. a proprietor of shares or the ownership
in an organization.</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="color: #202124; font-family: arial; font-size: 21pt; mso-fareast-font-family: "Times New Roman";">agreement<o:p></o:p></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><span face="Arial, sans-serif">/əˈɡriːm(ə)nt/</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><i><span face="Arial, sans-serif">noun</span></i><i><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></i></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><span face="Arial, sans-serif">noun: agreement</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial;"><span face="Arial, sans-serif">1. harmony or understanding in assessment
or feeling.</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1; text-indent: 0.5in;"><span style="font-family: arial;"><span face="Arial, sans-serif">"all the children shouted with glee in agreement"</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; mso-background-themecolor: background1;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvtFolbybfq51qlHbjBKLx67lrCtdrvAUqM2WZ_mPUSNhJ64k9RU9zG9JGnTv5y0Y3RmwlQjp_OrMw8t2ecJeqnYklTG4ei2IiqDepTmA8YFSCbswFheElrRwvN-05Vj9ZoykSWaqDPhE-LvX5bUrechuvMEqhYVA7WC6Mv33cGpIPEhErfy7rOZtBhg/w200-h116/Shareholders%20Agreement.jpg" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-67953987114566253392022-05-01T00:11:00.011-07:002023-07-17T02:52:40.467-07:00Franchise Agreement Terms _Checklist<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip6-AAprS1Gp_fwQBzXP8phsalMidQywj4JzzyBiRusYIgLcqkxLZ0LswNEXFlMw2Pfao12_VQ6wcgxu84HilWa0jjVCLYwyi2eFFIxcfKVEu6-U_FTFA1BKGW7GWnUDDHap6CV4CUMYsME-JNzK0wrhTCykCQHNq5Mo45suRdMXv2KMToBcw0zuwz1w/w200-h131/Checklist_Basic%20Franchise%20Agreement%20Terms.jpg" style="display:none;">
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A checklist for drawing up
the franchise agreement terms is intended to lessen errors, increase
productivity, whilst guarantying quality, consistently.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The reason behind the importance
of this franchise agreement terms checklist, is due to its extreme usefulness
as an instrument for formulating a sound business franchising document. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A checklist for drawing up
franchise agreement terms, is a progression of steps that have been created for
allowing the nonabrasive undertaking of franchising a business.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The checklist for franchising
terms has demonstrated consistently enough, the ability to organize, and provide
assignment oversight, maintain consistency by reducing errors, increase the
efficiency of productivity, and ensure that every step in an errand is completed.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A checklist can have a
tremendous effect on how you can guarantee, that fundamental assignments geared
towards drawing up franchise agreement terms get done. Whether you have a full
plate in front of you and a lot happening in your mind, and need to give
yourself room to swing, or you have the memory of a goldfish, it is not
difficult to skirt a significant stage of interaction without knowing.
Therefore, the checklist for drawing up franchise agreement terms is
significant, and provides a practical solution.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">It also provides assurances
in getting done, and on schedule, the daily, weekly and monthly undertakings,
making sure that you stay on top of tasks in order to meet deadlines, yet and
still, keeping accuracy and producing quality, is the reason a checklist for
drawing up franchise agreement terms is significant. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">It is very easy for one to
get distracted, or simply forget a task or tasks. That is why, drawing up
franchise agreement terms without a checklist, is the equivalent of going into
the said process with no direction or strategy set up, and it's feasible that a
portion of the means in the process of franchising will get neglected. If anything
gets through the cracks, this might cost the business, while being a lot harder
to recuperate, than if the job was finished squarely in the first instance. A
checklist for drawing up franchise agreement terms, can lessen this kind of mishap
occurring.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A checklist for the terms of
a franchise agreement helps you stay on top of your priority tasks.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe allow="autoplay" src="https://drive.google.com/file/d/1pxBQfi100fxVY0gimcbdkorClAhUMg_2/preview"></iframe></span></div>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Each time we experience even
the slightest measures of achievement, our minds discharge dopamine which
provides us with a sensation of joy that makes us motivated. Positive outcomes
increase productivity. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A checklist for drawing up
franchise agreement terms is straightforward and simple to utilize, and
exceptionally effective in guaranteeing you complete every one of the set steps.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">A franchise agreement terms
checklist, allows for monitoring of day-to-day assignments, and finishing jobs
proficiently and rapidly, with far less errors, while permitting you to get,
undeniably more things done in your day.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Having everything recorded, means,
you don't have to spend time attempting to recollect significant stages of the
franchising process.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">In the business environment,
utilizing a checklist for franchise agreement terms, is likewise less stressful,
as it ensures everybody in the team knows what they're doing, and what is
expected of them. Additionally, this allows everyone to establish a clear frame
of mind.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial;">When drawing up franchise agreement terms, the checklist is a great tool for preventing mistakes or reducing errors, saving time and increasing productivity, whilst ensuring a contract whose terms are clearly stipulated to indicate the (1) ''total all out cost'' including the ''startup levy,'' ''money that will be required upfront,'' or ''starting expenses. (2) The royalties? How they are determined? How much are they? What is the periodic payment cycle? (3) The Accounting and bookkeeping requirements. And, whether they are provided for? (4) The building requirements. Whether the building will be bought or leased… And, so on, by which, helping you to organize your franchising endeavors more easily.</span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Do you need a Checklist for
Franchise Agreement Terms? Download it from the Business Own Corporation's </span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"><a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">. <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><b><u><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></u></b></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 21pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">franchise<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">ˈfran(t)ʃʌɪz/<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">noun<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">an approval allowed by a
government or organization for a single person or group to perform certain
business activities, for instance going about as a specialist for an
organization's items.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">"McDonalds granted a
franchise to the group"<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">synonyms:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">warrant, charter, license,
permit, authorization, permission, sanction; concession, privilege,
prerogative; seal of approval<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Verb<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">award a franchise to (an
individual or group).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">"a franchised business"<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: 27pt; margin-bottom: 0in; vertical-align: top;"><span style="font-family: arial; font-size: 21pt; mso-fareast-font-family: "Times New Roman";">terms<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">/təːms/</span><span style="font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Terms are the governing laws
in a contractual relationship between the provider of a service or product and
its user. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The terms are the contract in
which the proprietor clarifies the conditions of use of its service or product.
Sticking with our example of the franchise terms, which are the use of a certain
business’s name & trademarks, this includes the rules that users must
follow while trading under said trademarks, of which failure to comply may
result in the cancellation or suspension of a user’s account etc.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">The terms therefore,
represent the document that helps in dealing with problems or forestalling them
in any case. Because of that, the terms are fundamental in order to conduct a
franchise business.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Terms set the manner in which a franchised business may be operated. When it comes to issues such as those concerning litigation. Their importance in the safeguarding of the business’s name, as well as for protecting the reputation of a franchised business can never be overlooked.</span></p><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip6-AAprS1Gp_fwQBzXP8phsalMidQywj4JzzyBiRusYIgLcqkxLZ0LswNEXFlMw2Pfao12_VQ6wcgxu84HilWa0jjVCLYwyi2eFFIxcfKVEu6-U_FTFA1BKGW7GWnUDDHap6CV4CUMYsME-JNzK0wrhTCykCQHNq5Mo45suRdMXv2KMToBcw0zuwz1w/s1122/Checklist_Basic%20Franchise%20Agreement%20Terms.jpg" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-49945806930914592292022-02-01T00:20:00.004-08:002023-07-01T14:10:01.911-07:00Apology for Accounting Errors and Past Due Notice<img src="https://blogger.googleusercontent.com/img/a/AVvXsEiHcswIUrUC2hUhqFyKDiUerBf0O90V1CTHo9WI0aW4JknRygzBlrML-HtGNWYIDwz6zweJkCauQh-oAy1zFtDyV5BvL0gDDI_ffm2kfcWSoF8AdRe0SVoAHj7e4V1SCCoM9PlbRKqeeoPFzjPCo1FWRvp8n8ZuN7MUksnHI4OLe5GzK-A37UpkLhnoBg=w200-h133" style="display: none;" /><p style="text-align: left;"><span style="font-family: arial;">It just so happens that in certain occurrences, regardless of the client making payment within the prescribed period, the organizational systems will misfire. This might be due to human mistakes or computerized errors (Accounting Errors), which results in he/she finding themselves with a past due notice from the organization. In such a situation, it is vital the company compose an Apology for Accounting Errors and Past Due Notice. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;">In this article, we will discuss the letter utilized for Apologizing for Accounting Errors and Past Due Notice. </span></p><p></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: center;"><span style="font-family: arial;">-----------------------------------------------------------------------------------------------------------------</span></p><p style="text-align: center;"><span style="font-family: arial;">------------------------------------------------------------------------------------------------------</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">We will begin this exercise by looking at the error account, which is a record being kept by an organization, serving the purpose of giving an account of the transactional errors, such as, untimely recording of exchanges, which is bought about by inconsistencies like, an inaccurate recording of an invoice or account number. </span></p><p></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">It is normally up to the organization or relevant government division's bookkeeping office, to screen the error accounts that it creates. It is suggested that a business should, depending upon the volume and size of operations, lead a daily or weekly error account audit. When an organization handles a huge number or a great many transactions (hundreds to thousands) daily, and whenever there is human input included, error accounts are important in an efficient book keeping system. Additionally, they assume a part in further developing client services. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">Even though error records can be carried out through manual bookkeeping, it has however become substantially less normal in practice since the advent of personal computers. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">Now, let us turn our attention towards the Apology for Accounting Errors and Past Due Notice, and what it represents. Starting with the apology, the objective of saying 'sorry' is by and large forgiveness, reconciliation and rebuilding of the relations between those associated with the dispute. An apology can be defined as a statement of remorse or regret for certain actions, while saying 'sorry' or apologizing is the action of communicating the regret or remorse. The idea of saying 'sorry' affects somewhere around two individuals where one has outraged the other. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">Studies haves shown that, the early provision of an Apology for Accounting Errors and Past Due Notice, prompts cohesion, and increases communication satisfaction, while reducing conflict between parties. The manner in which the notice is given, will influence the result and the course of forgiveness. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">The essential components of an Apology for Accounting Errors and Past Due Notice convey: </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">that the party that is apologizing, was responsible for the accounting error </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">that that party knows about the error and the inconvenience and potential harm caused by the error; and </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">that the apologizing party intends to ensure that these types of errors don’t happen again in the future.</span></p><p style="text-align: left;"><br /></p><div style="text-align: left;"><span style="font-family: arial;">
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container"><iframe allow="autoplay" src="https://drive.google.com/file/d/1Sxj2SrgAIK15VFW-J69Kb4VH-bR5cxdX/preview"></iframe></div>
<p style="text-align: left;"><br /></p><p style="text-align: left;">The way in which an organization will issue an Apology for Accounting Errors and Past Due Notice, influences the probability of accomplishment. whether the apology notice will be acknowledged, and the apologizing party forgiven, is influenced by factors such as its timing, the significance of the relationship, and the events that precipitate the writing of an Apology for Accounting Errors and Past Due Notice.</p></span></div><div style="text-align: left;"><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">Issuing a notice of apology for accounting errors and past due account, not long after the identification of incident, or as soon as the subsequent issues were brought to the consideration of the organization, can build on its effectiveness. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">As an organization, you want to avoid issuing an Apology for Accounting Errors and Past Due Notice, that proclaims or is centered around the damage done to affected parties, without explaining the apologizing party's specific context, motivation, or justification. It is preferable that an apology notice, apologizes for the apologizing party's own behavior, for example, "I am deeply sorry that it has taken so long to straighten out this problem", and not so much, responding to others' responses, to those certain activities, such as, "I'm sorry you are irritated that it has taken so long…". </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">An organization should (in case of any errors of accounting), issue a compelling apology for accounting errors and past due notice that obviously expresses regret, and names endeavors taken, or that will be taken in order to reach a resolution. However, even if your apology exhibits genuineness, at the end of the day, it is the affected parties’ personal view that will determine the level of sincerity of the organization. Bear in mind though, that, a credible commitment to not cause the same problem in the future, will reassure the client. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">Mistakes such as accounting errors are able to bring about a crisis in a firm, and therefore the correspondence in such crisis needs to be extensive and purpose driven. An Apology for Accounting Errors and Past Due Notice during an emergency, must be issued voluntarily, in a timely manner, and should keep to ethical standards in context, sincerity, and truthfulness. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">An apology notice written in an effective style, affords the apologizing party a greater chance of being forgiven. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">Write & download your own corporate document Now! using the Business Own Corporation's <a href="https://www.octahedge.com" target="_blank">MIND Repository</a>.</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: center;"><span style="font-family: arial;">-----------------------------------------------------------------------------------------------------------------</span></p><p style="text-align: center;"><span style="font-family: arial;">------------------------------------------------------------------------------------------------------</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><h2 style="text-align: left;"><span style="font-family: arial;">apology </span></h2><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">/əˈpɒlədʒi/ </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span><span style="font-family: arial;">noun </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">1. regretfully acknowledging having caused offence or failure to act appropriately. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">"we are remorseful for our actions and feel you deserve an apology" </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">2. a exceptionally poor or lacking example of something. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">"They picked us up in what was an apology for a car" </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><span style="font-family: arial;"> </span><h2 style="text-align: left;"><span style="font-family: arial;">accounting </span></h2><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">/əˈkaʊntɪŋ/ </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">noun </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">the process of doing the work concerned with the keeping of financial records. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">"the company reported an clean accounting audit" </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><span style="font-family: arial;"> </span><h2 style="text-align: left;"><span style="font-family: arial;">error </span></h2><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">/ˈɛrə/ </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">noun </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">a mix-up which is commonly referred to as a ‘mistake’. </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">"the audit revealed how certain errors were being made" </span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">TECHNICAL</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial;">a proportion of difference assessed between the actual value of material or abstract thing compared to the expected or calculated value.</span></p></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-7377983412946029632021-11-01T02:42:00.046-07:002023-07-17T02:53:55.286-07:00Redemption of Preferred Shares - Agreement<img src="https://blogger.googleusercontent.com/img/a/AVvXsEi6KA2VPzOcTaceHHBzpXaNBt3oZEc2GtPauzdsPKdGMr_tZCuQosNprfzz97yj8ogb-xHmBOk8BG5M8HeRQfSB7SA4oPcfrt91BjdN2gmqa9qNistwhJlNTAiyiWL80OfwoW3VCtgBrK9RIYrF65Qy_uhDPzPT2gtmeG8i9I1JSrhcYEyzoCDIzKz__A=w200-h176" style="display:none;">
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">In this article, we will be discussing the Agreement for
Redemption of Preferred Shares. What it is? And, its application. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">An Agreement for Redemption of Preferred Shares is a contract
wherein the issuer has the right to redeem or buy back the shares at a price
that has already been determined after a previously agreed upon date. The terms
of the redemption of the preferred shares are all pre-determined and defined in
the contract, an example of these includes, the redemption price, the date
after which the redemption will be effective, and the premium (should there be
one), all of which may not be altered or changed at a later stage. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Now that we’ve explained what the Agreement for Redemption
of Preferred Shares is, lets spent some time understanding the Redemption of
Preferred Shares.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">The Redemption of Preference Shares, is governed by the
Agreement for Redemption of Preferred Shares. This is a well-known method for
the financing of enormous organizations through joining the components of equity
and debt financing. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Agreement for Redemption of Preferred Shares can be
formulated for companies that trade on public stock exchanges. Shares that are issued
by a public company can be redeemed by the company at its own discretion, this
is done in order to provide an allowance for the company to buyback said shares
at a predetermined time and at a set price as discussed in the contract. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Let’s take a look at how this can be beneficial for the company,
thinking about a scenario where the interest yield of preferred shares has
dropped, when, let us assume as an example, that the company had issued 5% of
its preferred shares, and due to the drop, it can now offer 3%. In these
instances, the company is afforded the opportunity to redeem those expensive
(high asset priority) preferred shares and instead issue shares through a (lesser
asset priority) dividend only contract. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman";">Redeemable Preferred Shares are regularly called by organizations.
This is effected by sending a notification to investors enumerating the date
and conditions for the redemption of preferred shares. An arbitrary example
(without going through the entire notice) would be the following: </span><b><span face=""Arial",sans-serif" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt;">Redemption Date: November 1, 2021 NOTICE
IS HEREBY GIVEN</span></b><span face=""Arial",sans-serif" style="line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 10.0pt;"> that
SHARE HOLDING COMPANY, Inc., an Oregon corporation (the “Corporation”), has
elected, pursuant to the... Pursuant to the Agreement for Redemption of
Preferred Shares and as a result of the call for redemption, holders of Agreement
for Redemption of Preferred Shares are entitled to receive from the Corporation
upon redemption of the Preference Shares at the per share sum of US $100.00
(the “Redemption Price”)...</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Taking a further look at benefits of redeemable preference
shares, and continuing with the corporation. The Agreement for Redemption of
Preferred Shares offers the opportunity to bring down its capital expense when
the interest rates decrease or on the other hand and where possible, the issuer
can offer the preference shares during a later period, at a lower dividend
payout. An example in this instance would be: Let us assume the issuing
organization of the preference shares has offered the shares at a 7% dividend
rate. The company will probably want to redeem them where possible in order to
be able to offer a new preferred shares deal at 4%. The returns created from
the new issue can be utilized to reclaim the 7% Preferred Shares, thus
resulting in a positive input towards the balance sheet of the company. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">But, then again, let’s say the interest rates rose after the
7% preference share issuance, the organization would not put out a redemption
claim, rather, it would (in order to shield itself against financing expenses
that will rise and the various fluctuations in the market) keep on paying the
7% dividend payout. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe allow="autoplay" src="https://drive.google.com/file/d/17c6urHWvsPHe_PQXK7Oot6lFO6HpHC0I/preview"></iframe></span></div>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Now, taking a look at the shareholder/s, and What this means
for them? One advantage of being a shareholder of a redeemable preferred share
in an organization is that the investment will provide a consistent return on
investment. Inversely, if the organization redeems said shares from the
investor, this will mean that the investor/shareholder will no doubt be
confronted with having to make a choice to reinvest the returns at a lower dividend
or interest rate. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">The way this usually happens, is that Organizations will pay
to the shareholder/investor at premium at a redemption amount to reclaim the preference
shares, in this way the shareholder is recompensed for a portion of their
reinvestment. In order to guarantee themselves of a protected rate of return during
a market drop, shareholders will, in exchange for greater security, opt into
preference shares rather than the potentially high dividend pay outs of common
shares. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">In closing off, let’s take a look at the differences between
redeemable and retractable preferred shares. Now, while the redemption of
preferred shares usually means that the corporation may redeem said shares, and
the retraction thereof means that the shareholder/s will sell their portion of
said shares, at a set price, back to the issuer. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">However, be aware that there exists instances where rather
than cash, the retractable preference shares can be traded for common shares in
the organization. This is what is known as a "soft" retraction, in contrast
to what is known as a "hard" retraction, whereby, investors strictly
receive a cash payout for their portion of the preferred shares. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Okay, so let’s round everything off, what was covered in
this session? <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Redeemable Preference Shares grant the issuer the right to
recover said shares at an arranged price prior to the maturation date. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Corporations prefer this type of transaction for raising
funds as it has the added flexibility of being able to buy back those
preference shares. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Due to the redemption premium that is usually attached to
the buyback option (coupled with the reinvestment risk for shares that are
redeemed pre-maturely) of preference shares, it is for these benefits that
investors like these types of investments <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial;">Find the Agreement for Redemption of Preferred Shares at the Business Own Corporation's <a href="https://www.octahedge.com" target="_blank">MIND Repository</a>.</span></p><p class="MsoNormal"><span style="font-family: arial;">Write & download your own document Now!</span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt;">------------------------------------------------------------------------------------------------------</span><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Agreement for Redemption of Preferred Shares<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Redemption of Preferred Shares happens when an issuer seeks
for its investors to return in part or in whole their share ownership of the
organization for a dividend or payout, the company will do this in one of two
ways, it can either redeem or buyback the shares. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";">Redemption of Preferred Shares is the point at which the
issuing organization expects investors to sell those preference shares back to
the organization. For an organization to be able to redeem its preferred
shares, it more likely than not had previously specified that the said shares
are redeemable, or retractable. A redeemable preferred share has a set redemption
value, which is the price per share that the organization consents to paying to
the investor upon redemption. The redemption price is set at the beginning of
the issuance of said shares. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman";"> </span></p>
<p><span style="font-family: arial;"><span face="Arial, sans-serif">An Agreement for Redemption of Preferred Shares makes it
mandatory for the shareholder to sell their shares back to the organization (but
usually has a voluntary repurchase attached). In any case, Redeemed Preferred
Shares will typically pay to the shareholder a premium incorporated into the redemption
price, whereby the investor is recompensed to counter the risk of having their shares
redeemed by the organization.</span> </span></p>
<img src="https://blogger.googleusercontent.com/img/a/AVvXsEi6KA2VPzOcTaceHHBzpXaNBt3oZEc2GtPauzdsPKdGMr_tZCuQosNprfzz97yj8ogb-xHmBOk8BG5M8HeRQfSB7SA4oPcfrt91BjdN2gmqa9qNistwhJlNTAiyiWL80OfwoW3VCtgBrK9RIYrF65Qy_uhDPzPT2gtmeG8i9I1JSrhcYEyzoCDIzKz__A=w200-h176" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-19024689326705035812021-08-05T03:55:00.032-07:002023-07-01T14:10:56.434-07:00Giving Notice of Insurance Claim to Your Insurance Policy Holder<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEik_iLKV1N59DdE7RjbP13xdz9yitZ-F8JbyhZc1MSQ4GdcV3ZyVfwMZG21TlA5PkhVTyxgh5gQ-AlK6t1xqou-86GQscE_6MOfa7EYDHqCJlWf5HnG_GrTSWJF4h_Fxc7kVuWfyFOsGD0L/w200-h127/Notice+of+Insurance+Claim.jpg" style="display: none;" />
<p style="text-align: left;"><span style="font-family: arial;">Insurance policies ordinarily require the client to give a notice of insurance claim to its insurance policy provider as provided in the protection strategy of their policy. Policies basically require the policy holder to give the policy provider a notice of insurance claim as timeously as possible (within reason)," however few out of every odd policy incorporates that particular language. Some insurers provide deadlines which are set off by explicit occasions, statutes or regulation. Nonetheless, every insurance client or their lawyer should realize that there exists a cutoff time that applies, and the inability to comply with it might bring about non-coverage under certain conditions. </span></p><span style="font-family: arial;"><br /></span><div style="text-align: center;"><span style="font-family: arial;">-----------------------------------------------------------------------------------------------------------------</span></div><div style="text-align: center;"><span style="font-family: arial;">------------------------------------------------------------------------------------------------------</span></div><span style="font-family: arial;"><br /></span><p style="text-align: left;"><span style="font-family: arial;">Practically all policies for insurance have conditions that require the holder of said policy to provide notice of insurance claim "as timeously as reasonably possible". Let’s discuss the limited time within this context. It commonly relies upon the realities of the events in question. However, and in any case, inability to notify the insurer of insurance claim "in a timeous manner" doesn't really imply that the policy holder loses protective coverage. As a matter of fact, all things being equal, it is common practice that a notice of insurance claim that has been delayed, might be used as a defense not to cover the policy holder, particularly when the policy provider can actually demonstrate that it was considerably prejudiced due to and as a result of the deferral (this practice follows the thinking which says, in order for a defense dependent on a policy holder's inability to give notice of insurance claim, requires the policy provider to demonstrate that it experienced considerable prejudice.) Following our specific situation, the prejudice should be genuine; potential prejudice isn’t an adequate reason not to cover the policy holder. </span></p><span style="font-family: arial;"><br />In any case, the “prejudice" rule referenced above won't really protect all policy holders. By and large, the policy holder quickly informs the insurance provider of harm, yet the insurance agency doesn't do an exhaustive review to discover the entirety of the damage which is to be fixed. In these instances, the policy provider might be at fault for any prejudice it asserts. The policy holder gave the provider ideal and timeous notice of insurance claim, which in turn offered the insurer a chance to investigate the claim, in order to protect itself from fraudulent misrepresentation, and to determine its obligation, prepare an estimate, and plan for litigation at the time of receiving a notice of insurance claim.</span><div><span style="font-family: arial;"><br /></span><span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container"><iframe allow="autoplay" src="https://drive.google.com/file/d/1VpCZKKg-O5xEO4DTYJu58HbPZYkn2V4g/preview"></iframe></div><div><span style="font-family: arial;"><br /></span></div></span><p style="text-align: left;"><span style="font-family: arial;">
First-party insurances, (for example, those giving property protection) additionally commonly necessitate that the policy holder present evidence regarding the losses incurred. These approaches frequently indicate that the notice of insurance claim should be submitted inside a predefined period, which will be from the beginning of the misfortune. Subsequently, to decide the issuance of the notice of insurance claim, the policy holder should survey the origination of the loss. Legally speaking, it has been recognized by the courts that when it comes to matters such as these, the issue ought to be referenced or dictated by sensible revelation of the misfortune. (Deciding when obvious harm happens, to such an extent that a policy holder would be eligible to provide a notice of insurance claim to their insurer, is a matter for the trier of fact.) </span></p><span style="font-family: arial;"><br />When an insurance policy provider denies a claim, the ringing stops, regardless of whether the insurer keeps on talking about it, or is auditing the claim after the denial. To stay away from any problems, a policy holder ought to affirm in writing with their provider, that the limits period won't be considered to have initiated until the provider has conveyed its last coverage position. Commonly, first-party type policies, additionally contain contractual constraints within which notice of insurance claim must be given within a specified period. For instance, the fire insurance provision of California says, that no activity or suit with regard to an insurance policy, in terms of recuperation regarding any insurance claim case will be manageable in any courtroom, except if every one of the necessities stipulated in the insurance policy will have been consented to, and except if started inside a year after the initial loss. It has been determined by the California supreme court, that the standard for contractual limitations time frame is rung, starting at the point when a policy holder provides a notice of insurance claim to their insurance provider, right up until their coverage is denied. <br /><br />On the off chance that you are in possession of a policy, wherein the claim’s coverage might be dependent on certain circumstances under one of your insurance policies, it is ideal to give notice of insurance claim as timeously as conceivable, to avoid any waiver. California's fair claims settlement practices guidelines, additionally force rigid necessities identified with the notice of insurance claim, under specific policies towards insurance providers. <br /><br />Do you need to write a Notice of Insurance Claim? Go to the Business Own Corporation today to start using the Notice of Insurance Claim and its supporting documents. The Business Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a> has many good insurance forms, start writing now! <br /><br /><div style="text-align: center;">-----------------------------------------------------------------------------------------------------------------</div><div style="text-align: center;">------------------------------------------------------------------------------------------------------</div><br /></span><p style="text-align: left;"><span style="font-family: arial;">The Notice of Insurance Claim, otherwise called the notice of loss. Is a notice sent to the policy provider when an incident has occurred, which is covered under the insurance contract between the insurer and the insured. This is the state of most policies, and it is oftentimes needed inside a given period and following a specified format. In most cases the policy holder has 20 days to inform the insurance provider of a claim. A written letter is usually an acceptable way of communicating with your insurance provider, or you may choose the telephonic approach when reaching out to your insurer. On the off chance that a policy holder is genuinely harmed, and is unable to convey notification to the policy provider inside the given 20-day period (e.g., due to being in a state of unconsciousness), in such a case, it is acceptable, for the policy holder to send a notice of insurance claim at a later stage existing outside the 20-day period. </span></p><div style="text-align: left;"><span style="font-family: arial;"><br />The Notice of Insurance Claim Provision is an insurance policy liability provision, compels the policy holder with little or no delay, to notify the policy provider if a case is made against the policy holder. This type of claim is additionally called, the provision for awareness.</span><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEik_iLKV1N59DdE7RjbP13xdz9yitZ-F8JbyhZc1MSQ4GdcV3ZyVfwMZG21TlA5PkhVTyxgh5gQ-AlK6t1xqou-86GQscE_6MOfa7EYDHqCJlWf5HnG_GrTSWJF4h_Fxc7kVuWfyFOsGD0L/w200-h127/Notice+of+Insurance+Claim.jpg" style="display: none;" /></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-44284147911534064412021-05-03T02:40:00.007-07:002023-07-17T03:05:58.578-07:00Dealing with Shareholders and Investors - Questionnaire<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvDGxtW6Sx-JTfYsgyWNsIGK-dcHnga8rqv1SdulucTN5ajAMQqKp_Isltt8FNwEKW-9kFPEKlvNy5BV1A4vgubZ9Fm80Y5olahksdD6Z__FjEqGiNU97csCCwDsAj5-pT4RvPI-Hs_Y5HctnILGZc1eTU36yBe5wx1fB3iefW0rI5KoJUpQemmKVcr85J/w200-h141/Checklist_Dealing%20with%20Shareholders%20and%20Investors.jpg" style="display:none;">
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">An annual report can make or break an organization,
therefore, the importance of writing an effective annual report is
insurmountable. In this article, which we have written in an effort to try and
help you, in the broad sense, better produce a recognized document, we discuss
the annual report, and its application, and provide a questionnaire, to help you
measure whether your annual report, will satisfy the interests of shareholders
and investors.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Investors, partners, the media and the general community,
depend on the data provided by the annual report, which is provided by your organization,
in order to gauge the health of your organization. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">A yearly report of an organization gives data
on the organization's financial year. Financial notes additionally might be
added to clarify bookkeeping strategies, the organization uses to report and
record its exchanges. Diagrams or graphs can be incorporated to separate
convoluted data, that it may be better understood. The data found in yearly
reports assists readers figure out how the organization is funding the
operational tasks and development, what the organization owes, and owns and how
well the organization creates profits for investors. Yearly reports may incorporate
a cash flow statement, balance sheet, income statement and financial summary.
Extra data found in notes may detail how your organization dispenses its pension
plan contributions, provide more data regarding stock option earnings, and how equipment
has deteriorated over time due to operational wear and tear.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">The company’s annual report gives data on the
organization's financial accomplishments, as well as other accomplishments, such
as, advancements made through research, praises granted to the organization or
its workers, or market share gains. While, also providing the goal and history,
and at the same time providing a sum up of the organization's accomplishments
in the previous year. The central reason for including company accomplishments
in the annual report, is to cause investors and partners, to view their
investments, or interest in the organization with a positive outlook. Company
accomplishments may additionally, include data for things such as, new deals being
closed, or purchasing new and more efficient equipment, thus, expanding production
and profit. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Did you know that an annual report can be
utilized for Marketing Purposes? Included in annual reports are positive
stories from workers and clients, or key instances in your organization's set
of experiences, laid all through the report, this can build readership of the
report and appeal to new investors and clients. Refined planning and formatting
methods are necessary when producing an annual/yearly report as a promotional
instrument. As well as providing data regarding the financials, the annual
report also showcases the organization to the market. By focusing on particular
subjects, like the historical achievements, or innovations that are focused on
improving lives, companies are able to advertise their achievements to
investors, and, organizations regularly utilize this method in their yearly
reports.</span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1z8L2TMGDXqs4kq9iShHn-idC9clN61tI/preview"></iframe></span></div>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">A letter to the organization's investors is
placed at the beginning of the report. The letter predominantly features data,
like a short outline of profits, successful sales/advertising campaigns,
business conditions (changing) and plans about the organization's strategy for
the forthcoming year. The writing of such letter is reserved for the most
elevated individual from the organization’s structure, like the director of the
board, or CEO. This “Letter from the Company”, is what helps set the tone for
the annual report. Yearly reports present your board of directors, and key work
force to investors, partners and the overall population, and, very frequently
contain photos of these individuals. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Yearly reports are both a corporate document
and a sales & marketing copy, which can be shared between a small and
private group, or posted on the organization's site for public examination. Organizations
that wish to report to stakeholders with key data, create an annual report. A
yearly report furnishes shareholders and investors with a comprehensive
synopsis of your organization's working techniques, promotional plans, and the
product range. A yearly business report reveals dangers to potential and
current investors. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Merged financial statements found inside an
annual report, show the precise position of the organization's financial
status, particularly its assets and liabilities. The organization's financial
position may be discussed with regards to its current and forecasted position. You
might want to dedicate a separate page for the current year's financial data to
make it simple to find it in the report. an audited bookkeeping statement
supplied by an accounting firm also validates the financial report, <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">All yearly annual reports must have up-to-date
and detailed company data. Organizations write the names and titles of key executives,
office heads and supervisors on them. They likewise show the complete address
and contact details for the head office and any regional workplaces. The name
and address of the investor relations manager is also predominantly featured, this
is done, so that readers who want to inquire about anything concerning the annual
report, or investing in the organization, can easily contact the company with
their query.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Instantly download, the Questionnaire, for
Dealing with Shareholders and Investors. Visit the </span><span style="font-size: 12pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><span face=""Arial",sans-serif" style="mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Business
Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span></span><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> where you can download and
use or print.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">-----------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align: center;"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 18pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Shareholder</span><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial; font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">ˈʃɛːhəʊldə/</span><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial; font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 12pt;">noun</span></i><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 12pt;">noun: <b>shareholder</b>; plural
noun: <b>shareholders</b></span><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">1. a proprietor of shares in an organization. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">2. Investors are an organization's proprietors.
A Shareholder, who is also called an investor, is any individual, organization,
or foundation that owns a minimum of one share in another organization ‘stock. And, the shareholder or investor, therefore
receives the rewards of the organization's triumphs as an increase in the value
of their stock/s. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><u><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Additional info</span></u><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">In contrast to the proprietors of associations
or sole ownerships. In the event, that the organization files for insolvency,
its credit providers can't request a repayment installment from investors. This
is because it is not the corporate investor’s responsibility to pay any of
obligations and other monetary commitments belonging to the organization. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">In spite of the fact that they are proprietors
of the organization, investors don't oversee tasks. A directorate is designated
to oversee the exercises and activities of the organization. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 18pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Investor</span><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial; font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">ɪnˈvɛstə/</span><span face=""Arial",sans-serif" style="font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial; font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> </span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><i><span face="Arial, sans-serif" style="font-size: 12pt;">noun</span></i><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><span face="Arial, sans-serif" style="font-size: 12pt;">noun: <b>investor</b>; plural noun: <b>investors</b></span><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">an individual or association whom with the
assumption of benefiting by way of profit, places cash into property, proprietary
plans, and monetary investments. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">"unfamiliar investors in the British
business property area" <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">2. A wide assortment of investment vehicles
exist, such as mutual and plans futures, options, estate foreign stocks,
(ETFs), gold, exchange-traded funds, real exchange, silver, commodities, bonds,
retirement funds, etc. An investor is any individual who submits capital with
the assumption for monetary returns. Financial investors use investments to
develop their cash or potentially turn out a revenue during retirement, for
example, with an annuity. Investors ordinarily perform specialized and
additionally essential examination to decide on ideal venture openings, and by
and large really like to limit risk while increasing profits. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span style="font-family: arial;"><u><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Additional info</span></u><span face=""Arial",sans-serif" style="font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.5pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Investors have a varied risk tolerance,
capital, styles, inclinations and time spans. For example, other investors
favor generally safe procurement strategies that prompt traditionalist
increases, like bond items of a specific nature and certificates of deposits. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"><span style="font-family: arial;">While, Different investors, are more disposed
to face extra risk, in order to pocket larger returns. These investors may put
resources into stocks, currencies, or emerging markets. A qualification for the
expressions "investor" and "trader" is quantifiable, this
is due to investors normally holding shares for quite a long time, up to many
years or decades (additionally known commonly as "position traders" who
are also known as "buy and hold investors"). While, traders for the
most part will hold their position for more limited periods. For the most part,
scalp traders, hold on to trades for no less than a couple of seconds. Traders
who look for opportunities, that can be held for no more than several weeks, or
no less than a few days, are known as Swing traders.</span><o:p></o:p></span></p><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK5QBUYowhudRZSOdUMBgylyQSxaF2jaOIrFWSeyaePKWP6bq_TIoMwQDvewAkkclNuIbYcVSc843HdtSWEFlZHiLY_eGi49yL8d2y4monnISt8dIO89iSqugi61rNNk8YDfHt3bfkYB1-/w200-h141/Questionnaire_Dealing+with+Shareholders+and+Investors.jpg" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-72382437725703356792021-02-01T02:51:00.006-08:002023-07-01T14:11:56.040-07:00Non-Disclosure Agreement (NDA) - Unilateral<p><span style="font-family: arial; font-size: 12pt;">A non-disclosure agreement (NDA) between disclosing party and receiving party is a contractual arrangement or part of a contract that outlines information or knowledge which is known as the confidential material that the one party wishes to share with the other party while restricting access to said material, but at the same time sharing it with receiving party for certain purposes. The NDA is a called a secrecy agreement (SA), proprietary information agreement (PIA), confidential disclosure agreement (CDA) or confidentiality agreement (CA), A kickback, bank–client confidentiality, priest–penitent privilege, attorney–client privilege, and Doctor–patient confidentiality (physician–patient privilege) agreements are examples of NDAs, which are often not enshrined in a written contract between the disclosing party and receiving party.</span></p><p><span style="font-family: arial; font-size: 12pt;"><br /></span></p><p style="text-align: center;"><span style="font-family: arial;">-----------------------------------------------------------------------------------------------------------------</span></p><p style="text-align: center;"><span style="font-family: arial;">------------------------------------------------------------------------------------------------------</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt;">An NDA is commonly utilized any time that secret
data is revealed to expected investors, leasers, customers, or providers. The
disclosure of classified data should be recorded as a hard copy and signed by disclosing
and receiving party, this can loan trust to such arrangements and prevent theft
of the protected innovation. The specific idea or secret data will be bought to
light in the unilateral non-disclosure agreement. Some NDAs will tie the receiving
party to secrecy for an inconclusive timeframe so that at no time can the signatory
reveal the classified data as contained in the contract. Without this
particularly contracted document, any data revealed in trust can be utilized
for malignant purposes or be disclosed unintentionally. The punishments for
breaking an NDA are identified in the contract and may include damages for the
type of lost benefits or perhaps criminal allegations being raised against the
signatory.</span></p><p style="text-align: left;"><span style="font-family: arial;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt;">Also be aware that, as a business and to maintain
a competitive advantage, the firm needs to keep working on secret projects,
bringing imaginative thoughts and energizing new products. Organizations need
to be always on guard in order to have a guarantee that their efforts don’t
fall under the control of the competition. Additionally, new businesses with profitable
and productive scheme can succeed if what they are going after in their plans
remains under wraps. A unilateral non-disclosure agreement or NDA between the disclosing
and receiving party, is a legal archive that keeps the cover on such delicate
data.</span></p><p style="text-align: left;"><span style="font-family: arial;"> </span></p>
<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimZFqXbYM5dqvk37UXmxzT65rjzCGNNnXVsZWDnayndnl6VBHJz4Rynm6tS1mB4VEhkDLaCwR0ybHXUjbZ6uIo31dSWtcYsBw1R-i32iECIH-usqsp9UQObliZc_SZbEwBQNbUKEDPmCFl/w200-h119/Non-Disclosure+Agreement+%2528NDA%2529_Unilateral.png" style="display: none;" />
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1Xm86s2etVLDUOAw_MtpG8Rc1R5jot4sc/preview"></iframe></span></div><span style="font-family: arial;"><br />
</span><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">Entrepreneurs regularly need to divulge proprietary
or restricted data with external entities. The sharing of this data is of
extreme importance when looking for (and in order to find) funding, discovering
likely partners in an undertaking, acquiring new customers, or recruiting key
workers. To ensure the individual or individuals with whom this data is shared,
non-disclosure agreements have long been the lawful structure to keep up trust
and keep confidential data from finding itself where it could subvert the
benefit inalienable to that content. Data that may require NDAs incorporates secret
plans, proprietary equations, and manufacturing & assembling processes.
Secured data likewise almost always includes customer or sales contact records,
private company accounting figures, or a specific thing that separates one
organization from another.</span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">A typical scenario of this would be a new
business looking for funding from financial institutions or public/private
sector funding organizations may expect that their smart idea will be stolen rather
than get funded and the venture accepted. Without an NDA it will be very hard
to demonstrate that an idea has been stolen. However, having a signed NDA
legitimately blocks such thoughts of theft.</span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">An organization recruiting outside specialists
may likewise require those people, who will deal with confidential information,
to sign an NDA so they don't reveal the details of said information. Full-time
company representatives may likewise be needed to sign an NDA when involved in
the business of innovating new projects that haven't yet been disclosed, as the
impacts of divulging said information could harm the value of the new venture
and the organization collectively.</span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">**Important Note: Not all material is ensured in
an NDA. Freely available reports and on the off chance that receiving party can
demonstrate they had knowledge of the information shrouded in the NDA preceding
the signatory of the document, or that they gained knowledge of the information
outside the bounds of the contract, any Information uncovered because of a
court-ordered summons. In these occasions, the wronged party might not have
legitimate claim.</span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><br /></span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">A one-sided or unilateral NDA brings together
two entities where just one party (i.e., the disclosing party) reveals certain secret
data to the other entity (i.e., the receiving party) and necessitates that the
data be shielded from additional exposure for any reasons (e.g., keeping a lid
on things (secrecy) which is important to fulfill patent laws or legitimate
security for proprietary advantages, restricting revelation of data before
giving a public statement for a significant declaration, or essentially
guaranteeing that the receiving entity doesn't utilize or unveil the secret
data without repaying the disclosing party).</span></p><p style="text-align: left;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><br /></span></p><p style="text-align: center;"><span style="line-height: 115%;"><span style="font-family: arial;">-----------------------------------------------------------------------------------------------------------------</span></span></p><p style="text-align: center;"><span style="line-height: 115%;"><span style="font-family: arial;">------------------------------------------------------------------------------------------------------</span></span></p><p style="text-align: left;"><span style="line-height: 115%;"><span style="font-family: arial;"><br /></span></span></p><p style="text-align: left;"><span style="line-height: 115%;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">Non-disclosure agreements are a significant and
legitimate structure used to shield delicate or secret data from being made
accessible by the beneficiary of that data. Organizations and new businesses
utilize these contracts to ensure that their innovations won't be taken by
individuals that receive their proposals. A one-sided NDA is an agreement
whereby just the beneficiary of the data is required not to divulge the
proprietary information.</span></span></p><p style="text-align: left;"><span style="line-height: 115%;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><br /></span></span></p><p style="text-align: left;"><span style="line-height: 115%;"><span style="font-family: arial; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="font-size: 12pt; line-height: 115%;">Create a Unilateral Non-Disclosure Agreement
online in minutes. Visit the </span><span face=""Calibri",sans-serif" style="font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt;">Business Own
Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a> </span></span><span style="font-size: 12pt; line-height: 115%;">where you can write,
download, and print your contract.</span></span></span></p><p style="text-align: left;"><br /></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-30261034925304763892020-11-09T02:13:00.014-08:002023-07-01T14:12:22.688-07:00Company Legal Information Query for Audit Purposes<span style="font-family: arial;"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">In this article we look the company legal
information query by auditor, this is a formal business letter sent by the
auditors to an organization's lawyer. The legal information query confirms the
data sent by the administration of an organization relating to any forthcoming
lawsuit directed at the organization.</span><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAQgM1y90zcMeqgl1jdyrAuYYnwfnXsYKYQQQ9dqczHikYiArxg3PDCzW7ahe5dDxnAovgLBfojvQ-3rXTdibTPWerc6o6qJ4IbNB0rDwIVK0l_CgPc9j3FfeakF7d2VhHyHGfy8Ta430w/w200-h119/Audit+Information+Legal+Query_PICTURE.png" style="display: none;" />
</span><div><span style="font-family: arial; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><br /></span></div><div><span style="line-height: 107%;"><span style="font-family: arial;"><div style="text-align: center;">-------------------------------------------------------------------------------------------------------------------</div><div style="text-align: center;">--------------------------------------------------------------------------------------------------------</div><div style="text-align: left;"><br /></div><div style="text-align: left;"><p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;">The motivation behind the inquiry for a
company’s legal information is to provide certainty and give surety to the auditor
of any lawful activity against the customer that could bring about an undesirable
monetary effect on the organization's financial reports. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;"> </span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;">Data provided to a bookkeeper by an
organization's administration identified with forthcoming lawsuit against the
organization is checked through a legal information query. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;"> </span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;">The legal information query is utilized in the audit
cycle with the objective of uncovering potential misfortunes emerging from legal
claims against the organization that could contrarily affect an organization's bottom
line. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;"> </span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;">The legal information query letter makes up a conversable
portion of the audit review measures. At the point when auditors are directing
a survey of an organization's financials, they have to think about any
prosecution that may negatively affect the financials. Thusly, they need a full
record of any forthcoming claims the organization faces. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%;"> </span></p>
<span style="font-size: 12pt; line-height: 107%;">Audit
practitioners will request this letter for any review and especially in the
event that they have an uncertainty that the administration of the organization
they are inspecting has any forthcoming prosecution against it that hasn’t been
disclosed to the auditor. This letter will at that point give them the information
that they require.</span></div><div style="text-align: left;"><br /></div><div style="text-align: left;"><span style="font-size: 12pt; line-height: 107%;"><br /></span></div></span></span></div>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1goh8bMIGQDfrq1ffZvLC0TBXAHFavd_M/preview"></iframe></span></div><span style="font-family: arial;"><br /><br />Basically, the letter tries to affirm that the data given by a customer is precise and complete. Once this condition has been fulfilled, the auditors can all the more likely decide if a customer's lawful circumstance materially affects the data detailed in its fiscal reports.<br /><br />This is of uncommon consideration when potential misfortunes from harms granted as the aftereffect of a lost claim are a chance. The payout would hurt the organization's financial strength hence, investors and potential financial specialists should be made mindful of these dangers. <br /><br />It is basically the board's duty to set up methodology to represent any case, cases, and appraisals against the organization while getting ready budget summaries in consistence with sound accounting guidelines. <br /><br />Comparable to litigation, claims and appraisals, the auditor needs to get data identified with the issue. The data that they should assemble should be the accompanying the presence of any circumstance that could be a possible misfortune to an organization that has come to fruition through suit. The specific time span when the issue that caused the prosecution happened. The probability of a result that would be negative to the organization. <br /><br /> The legal information query is intended to confirm the entirety of the above data that would originate from the board. The letter is normally possibly required when the money related misfortune would be material, which would be settled on between the auditor and the organization. Equip your practice with the right tools, write professional letters and other corporate documents visit the Business own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a>.<br /><br /><br /><div style="text-align: center;">---------------------------------------------------------------------------------------------------------------</div><div style="text-align: center;">--------------------------------------------------------------------------------------------------------</div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div>Corporate accounting officers who have the obligation to guarantee that their organization's yearly audit is completed smooth, on schedule and without intricacies. auditors will ordinarily send an organization's legal advisors various updates to each audit enquiry over the span of an audit review. Request that are not attended to in a timely manner or, then again, not written in the required structure, unavoidably become a reason for auditors worry.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-80896163753565049462020-08-11T02:01:00.009-07:002023-07-17T03:09:05.566-07:00Debt Compromise Agreement<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKnyjTes2fYep2R6NeS41r9FIJmyrZ2yyn66sHs-51kaPcl545-wRu6lascZrUMGk3DTGNeiRRRd7CreboIOOmr6veNXQBLZs_pjOcVcMT02wqDfjrtHS7m9c3Opflm7oHyZhrFSxkDi4C/w200-h119/Agreement+to+Compromise+Debt+6+SEPT+2018.png" style="display:none;">
<p><span style="font-family: arial; font-size: 12pt;">The Agreement to Compromise Debt is
characterized as an understanding that is gone into between the creditor and
the account holder, where the borrower attempts to pay a sum which is not
exactly the whole due in full repayment of the obligation, and the creditor
consents to discount the rest of the due obligation forever.</span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">-------------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">--------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">During The normal Administration of a business
and as an aspect of its activity, the association will manage the instances of
deferring of their obligation with the utilization of an Agreement to
Compromise Debt. It might come as an unexpected welcome to learn that banks are
eager to discount or pay off past commitments owed to them by debtors, despite
the fact that this applies explicit circumstances they however oblige
associations that qualify. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">The reason for the Debt Compromise Agreement is
that, where a borrower can't pay the obligation, creditor will make sure to get
the most elevated net debt recuperation towards the obligation. The
solicitation for a Debt Compromise Agreement must be started by the borrower and
the lender will require to know all of the details with regard to the account
holder's money related issues (if any) before settling on any choice with
respect to whether the Debt Compromise Agreement will be acknowledged.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">When an institution is thinking about signing a
Debt Compromise Agreement with the indebted party, they (banks) will think
about the historical backdrop of installments by the account holder against previous
loans, past offenses of nonpayment and the reasons why the borrower can't cover
their obligation.</span></p><p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"><br /></span></p>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/14HvDVssvtf0b9ilmyr5o9cNC8xk4EG60/preview"></iframe></span></div>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">A Debt Compromise Agreement may not be gone
into where the indebted person was involved with a concurrence with leaser to
bargain a measure of obligation inside a period (three years) before the
current solicitation for Debt Compromise Agreement, the account holder's tax
assessment undertakings are not up to date, another financier has conveyed its
aim to, or has, started liquidation or sequestration procedures against the
indebted person. The Debt Compromise Agreement will prejudice other creditors,
or if different banks will be set in a place of favorable position comparative
with current financier, it might unfavorably influence tax assessment
consistence, the borrower is an organization or trust and creditor can't make a
move to recoup the obligation from the individual resources of the people
identified with the entity. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">These arrangements are very valuable in a
business rescue circumstance where the creditor might be asked, along with
different banks, to agree to a decreased obligation so as to keep a business operational
as a major aspect of the debt restructuring of the previous obligation of the
business. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Lender may likewise choose to forgo a measure
of obligation incidentally on the off chance that it is viewed as uneconomical
to seek after the obligation. In this circumstance, the indebted person isn't
vindicated from the obligation yet is given a respite from paying the
obligation for a particular period. The lender may choose to pull back its
choice to postpone of the obligation in the event that it accepts that
conditions have changed to make seeking after the obligation achievable. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Ideally borrowers won't wind up in
circumstances where they have to bargain their obligation, yet should it be
fundamental, they are encouraged communicate with their bank for a trade off,
with the help from an accomplished expense expert. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">In as far as we have seen, banks are eager to
go into Debt Compromise Agreements where the indebted person is in budgetary
pain and has no sensible chance of settling its obligation this is done in an
attempt to bring the account holder prompt money financial relief.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Find this and other related agreements
regarding debt payments in the Business Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a>.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">-------------------------------------------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="text-align: center;"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">--------------------------------------------------------------------------------------------------------</span></p>
<h1 style="text-align: left;"><span style="font-family: arial;"><span style="font-size: x-large;">Agreement to Compromise Debt</span> </span></h1>
<h2><span style="font-family: arial; font-size: medium;">Debt Compromise Agreement</span></h2><p style="text-align: left;"><span style="font-family: arial;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">An Agreement to Compromise Debt is an
understanding among creditor and debtor whereby the creditor consents to write
off a portion of the remaining obligation while the debtor acknowledges its
obligation to the Creditor. <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">The understanding needs to contain the
accompanying provisions: <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">1. Compromised Sum agreed upon and Repayment
Schedule <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">2. Right of Creditor to guarantee the full
entirety of the remainder of the debt (as opposed to the undermined aggregate)
in case of default <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">3. Right of Creditor to guarantee all
legitimate costs in case of default <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">4. Nature of the Agreement <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">5. Jurisdiction <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: arial; font-size: 12pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;"> </span></p>
<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKnyjTes2fYep2R6NeS41r9FIJmyrZ2yyn66sHs-51kaPcl545-wRu6lascZrUMGk3DTGNeiRRRd7CreboIOOmr6veNXQBLZs_pjOcVcMT02wqDfjrtHS7m9c3Opflm7oHyZhrFSxkDi4C/w200-h119/Agreement+to+Compromise+Debt+6+SEPT+2018.png" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-91932996664625857632020-04-30T01:44:00.007-07:002023-07-17T03:10:01.875-07:00Balloon Note<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB2TXny0lhrA4H6XaWBtmD97Ur-XaYy0EsaROvHsTZK9JTlLtqOqf3dvIZEaK0HbhhkIFWqcs3-tvpSVdLAx1k-a9OSJ-fSwajuEDOisqemINRjIgg6YjNiB_5ypDvFu9D61sY9-j1pHEp/w200-h119/Balloon+Note+11+SEPT2018.png" style="display:none;">
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">A Balloon Note, is a loan advanced between a
lender and a borrower. Where, the borrower consents to settle their debt with a
single lump-sum payment at maturation. Rather than, a fixed, regularly
scheduled installment that slowly dispenses with their obligation. The Balloon
Note, allows the borrower to make generally little, regularly scheduled
installments. Thought, those installments are not adequate to take care of the
credit, before it becomes comes due. Subsequently, the borrower has to make a
last lump-sum (hence: “Balloon” Note) installment, to settle the balance of the
Balloon Note, to which might add up to a huge sum. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: center;">
<span style="font-family: arial; font-size: 12pt;">-------------------------------------------------------------------------------------------------------------------<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="text-align: center;">
<span style="font-family: arial; font-size: 12pt;">--------------------------------------------------------------------------------------------------------<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">After acknowledging a Balloon Note, It is of
significant importance that the borrower additionally plans for the
unavoidable, inflatable installment they will be faced with. And, even more
prudent for borrowers to begin the process toward taking care of the Balloon
Note before they even subject themselves to one. But perhaps, what is
significantly more critical, is to prepare while remembering that things don't
generally turn out true to form. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Upon maturity of the Balloon Note, the borrower
is granted with options as to the settlement of the note. One choice is that
the borrower settles by acquiring another loan. This is commonly referred to in
the banking world as, refinancing. The borrower is subsequently financed with
another Balloon Note which will lengthen their reimbursement period, maybe
adding another 4 to 6 years. Or, they may refinance their property (or any
other venture which they claim) into a 15-or 30-year loan where the lender is
to take the borrower's property in the occasion the borrower can't satisfy
their commitment. To achieve this, the borrower should have the option to meet
all requirements for the new Balloon Note, so their income, assets, and credit
should be healthy when the underlying Balloon Note matures. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">**Note to Borrower** When borrowing for
extended periods. Borrowers may wind up paying a critical sum on interest If
they refinance by means of a long-term Balloon Note. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">On the off chance that. The borrower signs a
Balloon Note to purchase property or some other venture, another choice for
managing the installment thereof, is to sell whatever they had purchased with
the money from the Balloon Note, and utilize the returns to take care of the
loan advance in full. Accepting that the property’s value will be able to
sufficiently cover the Balloon Note balance. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">An organization that does not have cashflow
issues, may acquire funds for, “Oh, let’s say operational expansions”. That
company essentially can settle when the Balloon Note gets due. This isn't
constantly attainable however, and the absence of cashflow is the reason many
organizations sign a Balloon Note in any case. Borrowing parties need to be
aware that Balloon Notes can “balloon” by tens of thousands of dollars in
reimbursements. Be that as it may and all things considered, solid
organizations can create the money required before the Balloon Note gets due. <o:p></o:p></span></div>
<div class="MsoNoSpacing"><br /></div><div class="embed-container">
<span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1bAU9RjuKy9qcYOauRbQxKQcxznZNIA2O/preview"></iframe></span></div>
<div class="MsoNoSpacing"><br /></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Coordinating cashflow and liabilities is
perhaps the greatest test in business. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The general public are most likely more
acquainted with the Balloon Note when it comes to matters concerning home
loans. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">How bookkeepers determine whether a borrower receives
short-term or long-term Balloon Note, will differ from business to business.
This includes but is not limited to, Current liabilities; these are obligatory
commitments that must be reimbursed inside a year. Long-term liabilities are
obligatory commitments that will be due in a year (12 months). Long term
liabilities are for the most part drawn up in a Balloon Note or a comparable
agreement. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">A private company or government that grants a
Balloon Note that has a development period of more than a year can be viewed as
a long-term Balloon Note, on the grounds that, the sum that must be paid to
resign the Balloon Note at maturation, is considerably more than the interim
interest installments. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The amount owed (principal) on of a Balloon
Note is recorded under long-term liabilities in the balance sheet. interest
that has collected appears under liabilities in the company accounting books. For
bookkeeping purposes, the rate of repayment on a Balloon Note is viewed as a liability
and is entered as accumulated interest in the company's books. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">There are favorable circumstances and not so
favorable ones in the utilization of a Balloon Note for organizations. The decreased
installments are favorable because, a business is able to free up money for
extension and bring down its present liabilities. The weakness is that, the
firm will in the long run, be confronted with a huge expense of money when the
Balloon Note becomes due. The arrangement most organizations undertake is to,
build up a emergency fund reserve, well in advance of the due date of the
Balloon Note. An emergency fund reserve is basically, setting cash aside until
after a specified time, in order to have acquired adequate cash to make the balloon
payment on time.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 18.4px;">This article is about the Balloon Note and its application.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 18.4px;">Corporate Document Library is a powerful collection of business, financial and legal documents for professionals that guide you to better corporate writing. It offers you a lot of features that can help you take business to the next level. Business Own Corporation </span><a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span><span style="font-family: arial; font-size: 12pt;"> gives you the best tools for your business operations and with these documents at your fingertips you’ll not only have the document you need, but also always be able to write it.</span></div><div class="MsoNoSpacing"><span style="font-family: arial;">
<br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: center;">
<span style="font-family: arial; font-size: 12pt;">-------------------------------------------------------------------------------------------------------------------<o:p></o:p></span></div>
<div class="MsoNoSpacing" style="text-align: center;">
<span style="font-family: arial; font-size: 12pt;">--------------------------------------------------------------------------------------------------------<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<b><span style="font-family: arial; font-size: 14pt;">Balloon Note<o:p></o:p></span></b></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">A long-term loan</span><span face=""arial" , sans-serif" style="font-size: 12pt;">, often
a mortgage, that has one large payment (the balloon payment) due upon maturity.
A balloon note will often have the advantage of very low interest payments,
thus requiring very little capital outlay during the life of the loan. Since
most of the repayment is deferred until the end of the payment period, the
borrower has substantial flexibility to utilize the available capital during
the life of the loan. The major problem with such a loan is that the borrower
needs to be self-disciplined in preparing for the large single payment, since
interim payments are not being made.<o:p></o:p></span></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Balloon notes are often undertaken when
refinancing or when a major cash flow event is anticipated. also called bullet
loan or balloon loan.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB2TXny0lhrA4H6XaWBtmD97Ur-XaYy0EsaROvHsTZK9JTlLtqOqf3dvIZEaK0HbhhkIFWqcs3-tvpSVdLAx1k-a9OSJ-fSwajuEDOisqemINRjIgg6YjNiB_5ypDvFu9D61sY9-j1pHEp/s1600/Balloon+Note+11+SEPT2018.png" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-18441049770089681762020-03-23T04:54:00.006-07:002023-07-01T14:13:46.171-07:00Affinity Diagram - Organizational Tool<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The affinity diagram is a configured yield
derived from a brainstorming session aimed at generating new ideas. The
Affinity Diagram is an administrative tool whose purpose is to plan and arrange
proceedings. The term Affinity Diagram was developed during the 1960s by
Kawakita Jiro and is otherwise called the KJ method. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">An affinity
diagram is necessary in order to create, sort, and merge data concerning a problem,
process, item or any other complex issue. When developing an affinity diagram,
you will be conducting an exercise of communicating your thoughts with your
counterparts with having to quantify them thus encouraging participants to be
more creative.</span><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK0trfZ6-1pQf8PJP94dEJ55aTW5te7zJCJuiLiwPn47tBOp9GiAgJzBVqnJU1q5o6IdHHVuyc9uq7Dw4glTzsGabhIFM_btS3g6zcKoJ6E3Zz5i28IP4nP1rPJjLRXT-IYNJE8-t6P3HK/s1600/Affinity+Diagram.png" style="display: none;" /><br />
</span><div>
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"></span><br />
</span><div class="MsoNoSpacing" style="text-align: center;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">-------------------------------------------------------------------------------------------------------------------<o:p></o:p></span></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">
<span style="font-size: 12pt; line-height: 107%;"></span></span>
</span><div style="text-align: center;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">--------------------------------------------------------------------------------------------------------</span></span></span></div>
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">
</span></span></div>
<div>
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></span></div>
<div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"></span></span><br />
</span><div class="MsoNoSpacing">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">The affinity diagram is designed to aid a group
in building up its own arrangement when pondering over an issue and its complexities.
At any phase where it needs to produce and sort out a lot of data the group,
can utilize it to outline its strategy. The affinity diagram is adaptable in
its application. Whereas, a group of directors may utilize the it during a key
strategic planning session as a sorting tool for gathering their considerations
and thoughts. While on the other hand, a project management team can utilize it
to break down the variations and causes of the complexities in a project. An affinity
diagram is for adding structure to breaking down into broad categories and
gaining agreement on a large or complex issue and it is very easy to setup and
utilize. <o:p></o:p></span></span></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;">
</span></span>
</span><div class="MsoNoSpacing">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></span></div>
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">
<div class="MsoNoSpacing">
<span style="font-size: 12pt;">In the following paragraph I will demonstrate
what an affinity diagram looks like. Our example will model a manufacturing
plant that has as of late extended its business and, opened a new and bigger
factory. With the new factory Various issues have also emerged with regards to implementing
quality management at the plant, the management team engaged with the factory,
has met to examine the issues. Due to the complex nature of the issues involved
in such an instance, management has an option to an Affinity diagram to map
their strategy around the issue. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<span style="font-size: 12pt; line-height: 107%;">Utilize
an affinity diagram when dealing with large or complex data which is uncertain,
disorganized and overpowering (complex issues frequently feel overpowering
because of their size), the issue requires the contribution and backing of a group
(The procedure a group subjects itself to when creating an affinity diagram
enables the gathered group to create its own methodological thinking concerning
the issue and reach a consensus).</span></span></span></div>
<div><br /></div><div class="embed-container">
<span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1j6t9IVwF9lZfBdTVqIQBxZuttGz7VcmC/preview"></iframe></span></div>
<div>
<span style="font-family: arial;"><br /></span></div>
<div>
<div class="MsoNoSpacing">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">When creating an affinity diagram, it is
advisable for the group to pick a facilitator who will be liable for driving
the group through the steps to making an affinity diagram. Having an
experienced facilitator who is familiar with the affinity diagram and can help the
group get the most out of its session is also beneficial.<o:p></o:p></span></span></span></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;">
</span></span></span>
</span><div class="MsoNoSpacing">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></span></span></div>
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">
<div class="MsoNoSpacing">
<span style="font-size: 12pt;">Prior the commencement of the brainstorming session,
the group should express the complexity or issue that needs addressing. It’s a
good idea to always tackle the issue by phrasing it as a question. In our
example, the question is, "What are the obstacles in implementing total
quality management in an organization?" Ensuring that the group is able to
comprehend the reason for the session is absolutely essential and should never
be overlooked. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-size: 12pt;">Once the abovementioned step has been completed
and all participants are on the same page, you can go ahead and start working
on your affinity Diagram and conceptualizing your thoughts concerning the
proclaimed issue. There are two main methods to approaching this process, the
first being the traditional brainstorming method and the second is called or
known as the Crawford slip method. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-size: 12pt;">In conventional conceptualizing method, the
participants will come up with ideas individually, which they will in turn
voice and share with rest of the group. Every individual in the group gives
their thoughts until nobody has anything else to include.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-size: 12pt;">While in the Crawford slip technique, each
individual records their ideas on paper slips, sticky notes, or index cards. In
this method however, the individuals do not voice their ideas, they write them
down and keep going until they have nothing else to add. There is no verbal
trade<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-size: 12pt;">Conceptualizing with regards to the affinity
diagram utilizes a blend of these two methodologies. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<span style="font-size: 12pt; line-height: 107%;">This
article is written to aid you in understanding what is an affinity diagram and
its application therein, to use the affinity diagram visit the </span><span face=""calibri" , sans-serif" style="font-size: 11pt; line-height: 107%;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">Business
Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a> </span></span><span style="font-size: 12pt; line-height: 107%;">and gain access to a wide variety of
brainstorming forms and worksheets.</span></span></span></span></div>
<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><br /><div style="text-align: center;">
-------------------------------------------------------------------------------------------------------------------</div>
<div style="text-align: center;">
-------------------------------------------------------------------------------------------------------- </div>
</span><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">The affinity diagram is a business apparatus
used to compose thoughts and information. Individuals have been gathering
information into bunches dependent on common connections for a huge number of
years.</span></span><div>
<span style="font-family: arial;"><br /><span face="Arial, sans-serif" style="font-size: 12pt;">The apparatus is usually utilized inside
undertaking the executives and permits huge quantities of thoughts coming from
conceptualizing to be arranged into gatherings, in view of their common
connections, for audit and examination. It is additionally much of the time
utilized in relevant request as an approach to sort out notes and bits of
knowledge from field interviews. It can likewise be utilized for sorting out
other freestyle remarks, for example, open-finished overview reactions, bolster
call logs, or other subjective information.</span></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-30851509335066712452020-01-19T06:10:00.006-08:002023-07-01T14:14:20.066-07:00Non-Sufficient Funds (NSF) Check<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">Non-sufficient funds (NSF) is a term utilized in
the financial business to show that a check can't be met on the grounds that
the account from which the capital is being drawn reflects inadequate assets. An
NSF check is frequently alluded to as a bad or bounced check, but depending on
your jurisdiction it can have different names, in some places it called a cold
check whiles in others it’s a rubber check (worthless piece of paper), returned
or hot check. There are also some places England and Australia where such (NSF)
checks are returned to the bearer and marked " Refer to Drawer", this
note will guide the bearer to contact the check issuer for clarification with
respect to why the check was not regarded.</span><img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsNszEk7Mt5pkoxRoJsDndZc6ja62vNnsi0K2fwnpIsvff4b_vf8TEaYM03XK4BWFMhxioabOQJElsmWtMH_zQSA1e6-unYJ7xNUMqP_jURvEeWj8ZdS2hvtWVTo_izAIpwOUUubgw-joe/s200/Apology+to+Receiver+of+NSF+Check+12+SEPT+2018.png" style="display: none;" />
<br />
</span><div>
<span style="font-family: arial;"><br /></span></div>
<div>
<div style="font-size: medium; text-align: center;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial;">---------------- ---------------------</span></span></div><div style="font-size: medium; text-align: center;">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif">-------------------- -------------------------</span></span><br />
</span><div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial;"><br /></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">An NSF check (check bounce) may occur for a number
of reasons. Maybe a programmed installment was deducted from your record before
you anticipated it, your customer has delayed to compensate you for services
provided, or cash in your account record was bolted up for a couple of days in
the wake of over utilizing your platinum card while wooing clients. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif" style="font-size: 12pt;">It's simpler than any time in recent memory to issue
a non-sufficient funds (NSF) or bad check and should you learn for whatever the
explanation, that your bank has discovered that you have inadequate (non-sufficient)
funds in your account, the check will be returned unpaid due to these non-sufficient
funds NSF.</span></span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif" style="font-size: 12pt;"><br /></span></span>
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif" style="font-size: 12pt;"><br /></span></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">However, on the off chance that you are aware
that a check is going to receive a non-sufficient funds (NSF) bounce, but the
incident hasn't occurred at this point, you might still have the option to keep
it from transpiring. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">Secure the check instruction by getting cash
into your banking record right away. It can take a few days for a check you
wrote to reflect in your record. However, it’ll take more days if your payee
(such as a client) is delayed in making the payment. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">The quickest method to avoiding a Non-Sufficient
Funds check, is to add assets to your record with a direct cash deposit (in –
branch). In the event that you, yourself, have made a deposit into your
checking account via a check, it may take a couple of days for transaction to
appear on your banking record. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">Of
utmost importance and perhaps at the center of tis post is communication. Communication
between yourself and the receiver (let’s say… a supplier) of the NSF check
needs to be clear and concise. As soon as you learn that there's an issue,
contact whoever you handed a check to. They are most likely not keen on haggling
you. They’re simply looking for their payment. Taking charge and connecting
with the shipper or supply specialist to co-op as opposed to sitting tight until
they make a move shows that you truly mean to pay, and that could prevent
things from deteriorating. In a perfect world, you do this before anyone ever catches
wind that you have delivered NSF (non-sufficient funds) check. But, because
business is not ideal, refer to the letter below and handle the situation in
the most professional manner.</span></span></span></div>
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1icruFwq0qUvq1S_BZIXdHB3K_KncQg3-/preview"></iframe></span></div>
</div>
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">Furthermore, On the off chance that you
delivered an NSF check that has been recorded against your account, it will
cost you. First of all, you'll pay bank charges - You may deal with overdraft
indictments and non-sufficient funds (NSF) charges. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">You'll likewise likely need to pay an expense
to whomever you addressed the check to. This is because they too will get
penalized for saving an NSF check, and will therefore pass those charges down
the line to you. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">
<span style="font-size: 12pt; line-height: 107%;">Worst
case scenario is that, you may be confronted by fines and punishments because
of lawful decisions. This article provides a letter on how to mitigate an NSF
check that has not been cleared bank and you need to explain to the receiver
why not. This and other documents for different situation can be viewed and
obtain at the </span><span face=""calibri" , sans-serif" style="font-size: 11pt; line-height: 107%;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">Business Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span></span><span style="font-size: 12pt; line-height: 107%;">.</span></span></span></span></div>
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></span></span></span></div>
<div style="text-align: center;">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif">-------------------- -------------------------</span></span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif">---------------- ---------------------</span></span></span></div>
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span face=""arial" , sans-serif"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"></span></span></span></span></div>
<div style="text-align: center;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">An NSF check is a check that was not regarded
by the bank of the issuer of the check, because the issuer's financial balance
contains non-sufficient funds. This circumstance may likewise emerge when a
financial recording balance has been closed. <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial; font-size: 12pt;">NSF is an abbreviation for "non-sufficient
funds." <o:p></o:p></span></span></div>
<div class="MsoNoSpacing" style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></div>
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><span style="font-family: arial;">
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">Despite
the fact that the bearer of the NSF check endeavoring to collect on the check
might be charged an administration fee by its bank. The issuer granting the NSF
check will unquestionably be charged an expense by its bank. An elective
circumstance is that the bank of the NSF check issuer will respect the check,
and afterward charge an overdraft expense back to the check issuer. In this
last case, the receiver, the one getting the money for the check, won't be charged
an administration penalty by its bank, since the check has cleared.</span></span></span></div>
</div>
</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-8211075596387192332019-11-14T10:13:00.006-08:002023-07-01T14:15:01.345-07:00Co-Branding Agreement<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkgUYq7ZKzvxdSxMZSZVGMPT8wzcSuT1LjUYV48PPIuQAKVDkob02O3fucfbtz72wMy62wUteoaRVm2U5tbFTrNK7uJVmGDNzR_5-66Ovka6LUAjzTlQPqUhp7pBuJz67olbDpR4TP917l/s200/Co-Branding+Agreement+14-11-2019.png" style="display: none;" />
<span style="font-family: arial;"><br />
</span><div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Co-branding is a marketing strategy involving multiple
brand names being jointly aligned and used on a single service or product.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;"> </span><span face=""arial" , sans-serif" style="font-size: 12pt;"> </span></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">When businesses two or more, draw up a contract and agree
to form a cooperation in an effort to associate any of their varied logos, brand
identifiers and color schemes to a one specific product, this act is typically
known as entering into a Co-Branding Agreement.</span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"><br /></span>
<br />
</span><div style="text-align: center;">
<span style="font-family: arial;">---------------- ---------------------</span></div>
<div style="text-align: center;">
<span style="font-family: arial;">-------------------- -------------------------</span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif"><br /></span>
<br />
</span><div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Co-branding (also called brand partnership) can
create marketing synergy between brands. There are various forms or types of
co-branding:<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">One form is ingredient co-branding. This entails
the creation of a new brand from the materials, components or parts that are
contained within other existing products. For example, A chicken brand from
Kentucky combing with the Jacked maize snack to create a burger with serious
crunch.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Another form is same company or internal
co-branding, these are businesses or brands with two or more brands within the
same company, that decide to promote their brands simultaneously. For example, A
courtyard hotel brand that also offers residence inn accommodation to its
guests.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">You also get Joint venture co-branding, which
is another way that co-branding is done, involves more than one coming together
with another in order to make available a joint product aimed at a targeted
audience. An example: Banks will partner with airlines (let’s say British
Airways) to offer products such as a bank card for credit that automatically
qualifies the holder access to the executives member’s club of the airline.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">When choosing a co-branding partner, it is
essential to get to know and gather information about them. The importance of
choosing a partner that offers products or services that complement shouldn’t
be overlooked. This is important to
establish natural link between you and your potential partner. The product or
service offering must be relevant and should offer end user value. A Co-Branding
Agreement must be advantageous and add value to both brands.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">the reputation, financial and market position as well
as the operations of both brands should always be considered when entering into
a Co-Branding Agreement.</span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"><br /></span>
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><br />
</span><div class="embed-container">
<span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1FnSWEkemEUMjUOt9w_OzILOYhZ5IJ3rg/preview"></iframe></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"><br /></span>
<br />
</span><div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">When entering into a Co-Branding Agreement, both
parties will have a say in the branding exercise. There might however, be
instances where one of the parties may be more involved than the other due to
its expertise, know how, etc.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">This should not however, take away from the importance
of both parties participating and being involved in some form or another.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The Co-Branding Agreement should be carefully
drafted and detailed and should set out the parameters of their relationship.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The Co-Branding Agreement should include the
use of intellectual property, the retention of the proprietary rights by each
brand holder once the Co-Branding Agreement is terminated.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">A Co-Branding Agreement lays out quality
control measures such as the manner and form in which trademarks will be allowed
or used and the scope of such use. The importance of having a set out marketing
strategy/ plan can never be overlooked, this plan should stipulate the how’s, the
mediums and monitoring of the promotion and marketing of the product or service.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The Co-Branding Agreement should have provisions
dealing with the exclusivity, duration and termination of the agreement.
Grounds for termination should be widely construed to cater for a variety of
circumstances such as targets not met, misuse of intellectual property,
negative publicity, etc. A Co-Branding Agreement should also cover warranties,
indemnities and confidentiality. While we are here, I would like to point out
that when entering into a Co-Branding Agreement it may become necessary to make
available to the other party certain privileged information, which can be your market
research and customer data or your technologies and know how. Please also make
sure when disclosing such confidential information that your Co-Branding Agreement
covers for the non-disclosure of such confidential information upon the
termination of the Co-Branding Agreement.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">
<span style="font-size: 12pt; line-height: 115%;">The agreement should also deal with any new
intellectual property, whether it be trade marks or new technology, etc.
derived from the co-branding exercise.</span></span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"><span style="font-size: 12pt; line-height: 115%;"><br /></span></span>
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"><span style="font-size: 12pt; line-height: 115%;">More agreements and contracts can be found at the </span></span><span face="Calibri, sans-serif" style="font-size: 11pt; line-height: 107%;"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt;">Business Own Corporation </span></span><span face="Arial, sans-serif" style="line-height: 107%;"><a href="https://www.octahedge.com" target="_blank">MIND Repository</a><span style="font-size: 12pt;">.</span></span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"><span style="font-size: 12pt; line-height: 115%;"><br /></span></span>
<br />
</span><div style="text-align: center;">
<span style="font-family: arial;">---------------- ---------------------</span></div>
<div style="text-align: center;">
<span style="font-family: arial;">-------------------- -------------------------</span></div>
<div style="text-align: center;">
<span style="font-family: arial;"><br /></span></div><div style="text-align: center;"><span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Co-branding is the act of associating more than
one brand name with a single product or service. It can also be viewed as
associating someone other than the principal producer with a product.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">combining the strength of two brands is the purpose
behind a Co-Branding Agreement. This is done for various different reasons
which include increasing the premium consumers are willing to pay, copy
proofing the product or service against private label manufacturers and combining
the different brand and their properties with a single product.</span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-5117422453672638273.post-59579492781765864372019-09-10T10:58:00.007-07:002023-07-17T03:11:36.323-07:00How to Handle Workers’ Compensation Claims - Worksheet<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAPF0xsaMSYvkgxUwXbMIMswUeuQ8GS_QHqRw7xfg3Bq7Hs9yjFuLUrq8sqZzI8aajQdDMW71lRbEYcGqVUCiclHARX3SnCQ9SuKuw9ZCHtsc2Pfyt4uXXGFaTs_mwnggRbDCJeYdTfyrG/w200-h119/Checklist_Worker%2527s+Compensation+Claims+14SEPT2018.png" style="display:none;">
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Workers' compensation<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Workers' compensation is an insurance which
provides a form of wage replacement and affords medical benefits to employees
injured while performing their specified duties in exchange for mandatory
relinquishment of the employee's right to sue their employer.</span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;"><br /></span></div>
<div class="MsoNoSpacing">
<div style="text-align: center;">
<span style="font-family: arial;">---------------- ---------------------</span></div>
</div>
<div class="MsoNoSpacing">
<div style="text-align: center;">
<span style="font-family: arial;">-------------------- -------------------------</span></div>
</div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Workers’ Compensation Claims have been known
for making the blood of small-business owner’s run cold, this reason has been
attributed to one of two things:<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Either an employee has been injured or has
fallen sick because of the job they perform for their company. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Or, that the employee is faking an injury or
illness and in which case they might be attempting to disadvantage and
manipulate the system.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><span face=""arial" , sans-serif">After-all</span><span face=""arial" , sans-serif" style="font-size: 12pt;">, no employer would like to witness
their employees have to endure suffering. And, perhaps even more so, employers
know that one questionable workers’ compensation claim can open and set in
motion a whole plethora of questionable claims. The fear held by employers of
employee injury / illness claims can be overcome by effective communication.
This is the best way to handle the many types of workers’ compensation issues
that may arise.<o:p></o:p></span></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Employers Should Always Talk to Your Employees
about Workers’ Compensation. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">It is said that more than 80 percent of
employers think that communicating with their employees resulted in them filing
a workers’ compensation claim, this is wrong. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">The fact is that that an injured worker will
often hire an attorney because they did not receive sufficient information from
the company with regard to their benefits. And, not because they desire to
cheat the company into paying undue costs. In this article we want to suggest
to business owners and employers to open a strong line of communication with
regards to Workers’ Compensation Claims and your employees might not feel
compelled to acquire the services of an attorney.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">In the Worksheet we provide a step-by-step
guide on How to Handle Workers’ Compensation Claims.</span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1purnKlQN4JAjHPJStoz3xqUse94L_zeJ/preview"></iframe></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Additionally, here are some pointers to help
employers keep the communications line open.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Employers need to exercise openness and honesty
with their employees with regards to their Workers’ Compensation Claims. This
exercise should be conducted from the beginning of the employer-employee
relationship.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">When hiring a new employee, ensure that a
booklet explaining the benefits of the company’s workers’ compensation plans.
Detail in your booklet the injuries and diseases covered and how to receive
benefits for them. The claims process should also be explained and employees
should also be given a way to contact the company with questions regarding
Workers’ Compensation Claims. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">As a business owner, your business must engage
the staff in regular safety training exercises. These sessions should be aimed
at prevention methods towards workplace injuries and the following of procedure
in the case of an incident. Focus on reinforcing protocol in order to try
ensure the most desirable outcome is reached even in an accident. It should be
noted that the employer should underestimate the risks faced by employees in
the workplace. For instance; The Accounting Department should be aware and able
to recognize the signs of carpal tunnel syndrome or A company’s copywriters
should be informed on how to keep the proper posture and use available
ergonomic devices in order to reduce the risk of gaining back problems.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Employers need to make sure that employees can
easily access the required workers’ compensation information. For instance, you
may want to assign a dedicated person the role of handling all workers’
compensation claims communication and inquiries. It would be a big mistake for
an employer to avoid an employee after they have suffered an occupational
injury or illness. Employers need to maintain a productive relationship with
the employee and a simple phone call or card wish them well may be what is
needed to maintain the relationship. A more formal form of contact with the
employee during their period of recovery, such as visiting the injured employee
once every week or every time after their medical examinations.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">In
conclusion, it is important that employers ensure that during all of the
communication between themselves and the employees, the importance bared by the
employee to report an injury or illness as soon as possible is emphasized.
There are reporting deadlines for workers’ compensation claims and if those are
missed, employees may not be able to receive benefits.</span><br />
<span face=""arial" , sans-serif" style="font-size: 12pt;"><br /></span>
<span face=""arial" , sans-serif" style="font-size: 12pt;"><span style="font-size: 12pt; line-height: 17.12px;">This article has bee about how to handle workers compensation using the worksheet, for more worksheets and other corporate documents, the </span><span face=""calibri" , sans-serif" style="font-size: 11pt; line-height: 15.6933px;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 17.12px;">Business Own Corporation </span></span></span><a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span><span style="font-family: arial; font-size: 11pt; line-height: 15.6933px;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 17.12px;"> is resourced with documents used in everyday business and entrepreneurship situations</span></span><span style="font-family: arial; font-size: 12pt; line-height: 17.12px;">.</span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;"><br /></span></div>
<div class="MsoNoSpacing">
<div style="text-align: center;">
<span style="font-family: arial;">---------------- ---------------------</span></div>
</div>
<div class="MsoNoSpacing">
<div style="text-align: center;">
<span style="font-family: arial;">-------------------- -------------------------</span></div>
</div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;"><b>Compensation Claim</b><o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">(related to injury and illness at workplace)
the absolute right demanded by any member of the company workforce who get
injured, disabled or are suffering from illness in connection with their work. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 12pt;">Employees
affected by the Workers’ Compensation Claims are entitled to receive certain
benefits for their suffering from injury or occupational illness arising at
work during employment. benefits may be monetary or in the form of medical care
to the employee or their family in the case of the employee’s passing.</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><span style="font-family: arial;"> </span><o:p></o:p></span></div>
<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAPF0xsaMSYvkgxUwXbMIMswUeuQ8GS_QHqRw7xfg3Bq7Hs9yjFuLUrq8sqZzI8aajQdDMW71lRbEYcGqVUCiclHARX3SnCQ9SuKuw9ZCHtsc2Pfyt4uXXGFaTs_mwnggRbDCJeYdTfyrG/s200/Checklist_Worker%2527s+Compensation+Claims+14SEPT2018.png" style="display: none;" />
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-1936813127145311392019-08-19T02:17:00.006-07:002023-07-01T14:15:55.864-07:00How to apply for Government Grants – Worksheet<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvioXrO6I6qmEeH4YPYlfH4vEMdxrEIAVNYqrmEOCNibCQ222_U41n1O3R30SyN402QhlB6dBYX4nYxa_n0AM0igHk4u3guXOQdW9unS3dkdUKDZCvSak5JIUu43nH8qkJbQH56OAu6KNy/s200/Checklist_How+to+Apply+Government+Grants+03+SEPT2018.png" style="display: none;" />
<span style="font-family: arial;"><span face=""arial" , "helvetica" , sans-serif">A government grant is a financial or a non-financial award given by the government to an eligible grantee. Government grants aren’t expected to be paid back and do not come with technical help or other financial help, such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing.</span><br /><br />
</span><div style="text-align: center;">
<span style="font-family: arial;">---------------- ---------------------</span></div><div style="text-align: center;">
<span style="font-family: arial;"><span face=""arial" , "helvetica" , sans-serif">-------------------- -------------------------</span><br />
<span face=""arial" , "helvetica" , sans-serif"><br /></span></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">A lot of startups all over
the world experience the difficulty of acquiring capital to start or capacitate
their businesses. A government funded grant may be just thing that a business
needs, and entrepreneurs should consider getting government grant in order to
acquire the funds that they need.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Some government institutions
offer grants for the purpose of actively encouraging startup up businesses.
These institutions are involved in searching for new incorporators, more
specifically, they are looking for businesses that will affect the economy in a
positive manner and create more jobs.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , "helvetica" , sans-serif">
<span style="line-height: 107%;">Government funded business
grants are used to help give the needed financial backing to support the varied
economic activities that are undertaken by a business, which include but are
not limited to the competitiveness of a business, developing or growing export
activities of business, manufacturing,
the ability of a business to access the market as well as providing a
pipeline allowing for direct investment.</span></span></span><div><span style="font-family: arial;"><br />
</span><div>
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1rrp3szIzdF44_nnnVW1m_yDM7swhgqPg/preview"></iframe></span></div>
<span style="font-family: arial;"><br /></span></div>
<div style="text-align: left;">
<div class="MsoNoSpacing">
<span style="font-family: arial;">While some grants are
designed in order to grow an entire industry such as the vehicle manufacturing
sector. Grants such as the automotive grants are targeted at light vehicle
manufacturers who produce around 60,000 units annually in each of their plants.
This is often calculated within a three-year period.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Other government grants are
in the form of non-repayable grants These are usually established to ensure a corporation
is both competitive, has an edge and is sustainable. These types of grants are
usually used to grow existing businesses for example: employ additional staff.
These types of grants however are not meant to help start-up companies.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Just like there are grants
aimed at the automotive industry, so too you have grants that are aimed at the
clothing and textiles industry. These types of grants are for competitiveness
Improvement.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">The aim of this type of grant
is usually to ensure that the employment rate of a company remains stable and
consistent, ensure that a company keeps improving its competitive edge within
the clothing, textile, footwear, leather and leather goods manufacturing
industries.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Funding Institutions will
also grant entrepreneurs with funding for a business’s critical infrastructure.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Usually a critical
infrastructure grant is a cost sharing grant for endeavors that have
specifically designed upscale a company’s critical infrastructure. These types
of funding grants offer as grant a portion for the cost of developing the
required infrastructure. <o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Grants such as this are used
for lowering the costs and risks of the business in effort to increase
competitiveness, provide financial support which is targeted at acquiring
physical infrastructure, promote upstream and downstream linkages.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Furthermore, these types of
business grants are given to local and national municipalities, qualifying
private investors and established companies<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Government Grants are also
available for the film industry, these are usually in the form of an incentive
programme.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Funding in the form of a
grant from the Government offers a variety of incentives for the company in an
effort to promote the film and television industry.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">These incentives are made of
foreign film and television production companies who want to produce and
post-produce on location.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Countries want to attract
overseas-based film production houses to come and shoot on location in their
countries, including conducting post-production activities in those countries
as well as providing and co-producing their productions in the country.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Government funding and grants
that are focused on business-process-services are also offered by agencies and
are created with the intention of attracting investments that are gunned at
creating employment opportunities to beneficiaries through the offshore
activities of a company. While these types of grants work well, they also carry
with them a secondary objective, which is to stimulate an environment the produces
more opportunities for youth to get employed so that they can contribute
towards the growth of revenue created by exporting their services.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">In order to be able to
qualify for this type of business grant, you company must; be already
operational in the business-process-services space, you company is busy
launching a new operation or expanding an already existing operation for the
purposes of business-process-service activities, your company must within a set
period (usually by the end of 3 – 5 years
from the day of inception of the new project or expansion) have
employed a minimum of a set number of
employees (usually around~50) in new overseas jobs, the company will commence
with its commercialized operations at a date no later than six months from the
day on which the grants were issued and if the company is in a joint venture
arrangement, it must have at least one of the parties registered in the country
it is seeking a grant from as a legal entity, the company must comply with
government policies for seeking funding, company must comply with all statutory
regulations<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">There are many other
different types of government grants such as cost-sharing business grants,
grants that support the development of new technology, grants targeted at youth
entrepreneurs in order to provide an opportunity to access financial and
non-financial business development support and grants can also be issued to specific
groups within the populace of a country or region.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">It is therefore important for
any business considering a grant as means for funding to do their homework.
Every country works differently and businesses must ensure to comply with laws
of the country that are operating in.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;">Governments often offer
various different types of funding vehicles that serve different types of
business needs. In this article we took you through some of the government
grants available and how they work.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<span style="line-height: 107%;"><span style="font-family: arial;">Do you need a grant application
worksheet? the Business Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a> has many
good worksheets.</span></span></div>
<div style="text-align: left;"><br /></div><div style="text-align: center;">
<span style="font-family: arial;">---------------- ---------------------</span></div>
<span style="font-family: arial;"><span face=""arial" , "helvetica" , sans-serif">
</span>
</span><div style="text-align: center;">
<span style="font-family: arial;">-------------------- -------------------------</span></div>
<span style="font-family: arial;">
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
Government grants facilitate the funding of ideas and endeavors providing public services and stimulating the economy. Grants support critical recovery initiatives, innovative research and other programs.</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
grants are funded by tax monies and require stringent compliance and reporting measures for ensuring the money is well-spent.</div>
</span><br />
<div style="text-align: left;">
<span face=""arial" , sans-serif" style="font-size: 11pt; line-height: 115%;">
</span></div>
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-75768590951677727702019-07-11T12:59:00.007-07:002023-07-17T03:13:58.763-07:00Bank Loan<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEoemVR-tAkBPThaHiUtQmM1JdeB-6JKacCzwO-FaP3n6qeytZ7pJHyd9zhfS_VGPLUQ57oa6CvMF4GHM6GVXTP07tH2vTAxHUMFOpdxh6Sc6hou7eucU6E_ytWMmEm18f2LMqcw0hs0g5/s200/Bank+Loan+Application+Form+and+Checklist+13SEPT2018.png" style="display:none;">
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">The
most common way for business to acquire loan capital is with a bank loan.
Financing for bank loans is usually medium or long-term. The interest rate, the
cyclical amounts of repayments and the fixed period over which the loan has to
be repaid (usually. 3 to 30 years), is all set by the bank.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">The
bank will more often than not ask that the business be able to provide security
in the form of collateral for the loan, start-ups however have to come with
personal guarantees provided by the entrepreneur as collateral.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- -------------------------</span></div>
<div style="text-align: center;">
<span style="font-family: arial;"><br /></span></div>
<div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Every
business that seeks a bank loan, does so for numerous reasons. However, a bank
isn’t the only place where one can get a loan. There are a number of government
offices and funding institutions that make loans to businesses. accounts
receivable and inventory can be used as collateral when making a loan. When
loaning money, you have to consider the expense of doing this, as well as the
high risk you are exposing yourself to. To Add to that. You have to also keep
in mind the risk of whatever business you might have established, taking out a
loan introduces you to a different type of risk. Never the less, when raising
capital for a business, debt is a way of financing the operations of said
corporation. <o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Companies will often take out a loan to acquire real
estate to expand its operations. There is a high likely hood that banks will
finance an already existing establishment that is need of buying a property in
order to grow its offices. In a case such as this the bank will more than
likely approve you and your business for a loan. Real estate Banks loans are
usually conveyed until the completion of the loan period. Long-term loans, such
as real estate loans usually run for a period of 25 to 30 years. In this type
of loan, the property is used as collateral in case of forfeiture.</span></div>
</div>
<div style="text-align: left;">
<div style="text-align: left;"><br /></div></div>
<div style="text-align: left;">
<span style="font-family: arial;"><style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1vXLUTmY8iDazwNuwiidX2uDkNYmWdUnw/preview"></iframe></span></div>
</div>
<div style="text-align: left;"><br /></div></div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">A
business needs to purchase equipment and there are some options available to Businesses
with regard to the purchasing of new equipment. A business may opt to buy or lease
equipment. If you want to buy your equipment, you might have ample reason to buy
it by approaching a financier to borrow the money. Businesses have been known
to get tax cuts for their paraphernalia while depreciating the rest over its
lifespan. An enterprise may opt to sell its equipment for salvage value once it
has reached the end of its economic life span. when a business applies for a
loan in order to buy equipment, there bank will usually approve an intermediate
loan period for this. The Intermediate loan term is generally 10 to 15 years
long.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Companies
need inventory and banks will give businesses loans to purchase inventory,
however it should be noted that, this type of loan will be allowed sometimes.
Some companies operate in industries that are by their nature seasonal and
similarly the profit, this is especially true for retail businesses. Let us say
your company receives the majority of its sales annually when the holiday
season is in full effect, this means that you would want to ensure that your
sales floor stays full during this period, and you will therefore increase all
of you back up and sales floor inventory prior to the start of the holiday
season. The need for a bank loan before the season to be merry commences so
that you are able to buy inventory stock in bulk and set yourself up to profit
during this time. Banks will give some businesses credit for buying inventory
stock, these are mostly short-term loans and have to be paid off with a portion
of the profit made during the periodic sales cycle.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">The
working or operating capital of a business, is the monies used for the daily operations
of a business. In order for any business to survive, it requires working
capital, so, businesses will sometimes find themselves in a situation where
they need a loan to get working capital until their income producing assets are
able to meet all of the business working capital requirements. Banks have intermediate
to short-term loan facilities available to businesses, so that they need not
worry about operational finances and can focus getting things started and growth.
With the growth of the businesses assets, the company will earn money to repay
the borrowed operating capital to the bank. These types of loans, do however,
have a higher interest rate attached to them when compared to others such as a
loan to purchase real estate, this is due to banks seeing working capital loans
as high risk.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Every
business…Let me self-correct and say, in exception of the smallest one, has the
opportunity to use debt and equity financing when raising capital. The most
common method to get a business loan is through a commercial bank. As a
Businesses you have many different types of needs all of which can be filled by
either a short-term, intermediate or long-term loan. <o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Coming
back to the long term loan and why it is essential for the enterprise. We
especially like long-term business loans to be used by businesses. Loans are
used for various different reasons in business, and therefore have different
periods of maturation as well.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">A
Long-Term Loan secured by the business via a Bank more than often has a fixed
maturity period and rate of interest along with a monthly or quarterly
repayment cycle. Long-term loans mature in 5 to 15 years, but depending on what
the loan will be used for, they can be stretched to as far as 30 years.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">In
order for a company to be able to secure a bank loan for the Long-term, it must
be able to support it with collateral, this collateral will usually be the assets
of a company. <o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">How
easy it is to acquire a business loan is dependent on many factors some of which
include loan policies of the bank you are transacting with, how strong is your
company financially and how healthy is the economic environment.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">A
business plan along with financial statements dating back some years have to be
produced in order for a company to secure a long-term business loan. The also
needs to be able to show that it can repay the borrowed amount by way of
forecasted financial statements.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Before
applying for a loan, you should compare what are the pros and on leasing versus
taking a loan for the asset that you would like to finance. This is because the
rate of interest to be paid on a long-term loan will often be few points below
that of a short-term loan.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">
</span></div>
<div class="MsoNormal" style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">This
article is about Bank Loans and how they work. the Business Own Corporation <a href="https://www.octahedge.com" target="_blank">MIND Repository</a> provides view to other banking related documents and other related documents that you need to be aware of.<o:p></o:p></span></div>
</div>
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
<div style="text-align: center;">
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
</div>
<div style="text-align: center;">
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- -------------------------</span></div>
</div>
<div style="text-align: left;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div style="text-align: left;">
<div class="MsoNormal">
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Banks
generally charge at a lower interest rate for loans compared to bank overdrafts
for instance. Therefore, loans are a good investment when it comes to financing
fixed assets such as machinery for a plant, real estate and other like
investments.<o:p></o:p></span></div>
</div>
<div class="MsoNormal">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
</div>
<div style="text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Startup businesses recording a poor cash flow and
profitability are likely not to get business loans. Banks see these businesses
as being high-risk, especially since the credit crunch, banks and lending
institutions are more cautious about the kind of lending they do.</span></div>
</div>
<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEoemVR-tAkBPThaHiUtQmM1JdeB-6JKacCzwO-FaP3n6qeytZ7pJHyd9zhfS_VGPLUQ57oa6CvMF4GHM6GVXTP07tH2vTAxHUMFOpdxh6Sc6hou7eucU6E_ytWMmEm18f2LMqcw0hs0g5/s200/Bank+Loan+Application+Form+and+Checklist+13SEPT2018.png" style="display: none;" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-6828097875686785882019-06-30T15:06:00.006-07:002023-07-01T14:16:56.540-07:00Absolute Assignment And Transfer Of Loans<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXA1tJICJEUcp8gxUOcr0d-rMS3MmgTtebgi_qjxT8XVtEJO6ZaXBuut_pJgLne7LZsoRDy7FJunEggvUV-TQQlyp_3vIRexjwFj94u9vTbNpNFViz_f-3mxwax6wabsctrrOHRnAAe3z4/s200/Absolute+Assignment+and+Transfer+of+Loans+10+SEPT+2018.png" style="display: none;" />
<span style="font-family: arial;"><br />
</span><div class="separator" style="clear: both; text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Debt Assignment is the transferring of a debt,
and all the associated rights and obligations, from a creditor to a third
party, often a debt collector. Debt assignment could occur with individual
debts and business debts. The company that is assigning the debt does so, in
order to improve its liquidity and/or to decrease the amount of risk it is
exposed to.</span></div>
<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: arial;"><br /></span></div>
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- ------------------------- </span></div>
<div style="text-align: center;">
<div style="text-align: left;">
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Absolute
Assignment and Transfer of Loans: Is it the sensible thing to do and what steps
should one take when doing it?<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">Absolute assignment and transfer of loans is the
process whereby assignor transfers their remaining loan amount to the limited
partnership usually for a better interest rate and better features ion the
loan. Almost every type of loan - auto, personal, home, education has an
absolute assignment and transfer of loans facility and most financial
institutions offer the said feature.</span><br /><br />
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1ynPnkXW19Njbfag0uUHzbeKZsffBMLn6/preview"></iframe></span></div>
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">The
absolute assignment and transfer of loans is a very lucrative way for
businesses which have taken out loans to raise capital, surprisingly though,
only a few avail themselves to it. The fact that very few are aware of it might
be a stumbling block, however, every business that has loans should look at
getting an absolute assignment and transfer of loans once, at the very least,
during the lifespan of a particular loan. The absolute assignment and transfer
of loans is able to reduce the business’s rate of interest on loan therefore
creating an opportunity to make a saving on the interest payments resulting in
direct cash injection for the business. The balance sheet levels of a business
are dynamic and while you’re currently making five million dollars per annum,
this might be substantially more compared to what your balance sheet recorded
two years ago. The absolute assignment and transfer of loans is a fantastic way
to re-examine, make changes and tweaks according to the requirements that exist
in the liabilities of your balance sheet.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">A
lot of financial institutions provide an allowance to top up a loan with an
absolute assignment and transfer of loans, indicators show that this is the
reason for personal loans and home loans. It should however be stated that, the
principle motivation behind Absolute Assignment and Transfer of Loans is to aid
in the lessening of the burden of the company debt and it is not advisable for
a company to opt for a top up loan, we do also agree that, there are situations
that make it absolutely necessary to take such a loan.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">An
absolute assignment and transfer of loans makes sense if for instance; your
business has a business loan for $ 250,000 running for a period of 3 years at a
rate of 20% interest, which should bring your equated monthly installment (EMI)
to $ 9,291. This means that on the whole for the tenure of the loan the
interest owed by the business will come to an amount totaling $ 84,472.
Assuming that the business avails itself to an absolute assignment and transfer
of loans after 12 months and gets a reduction in the interest rate to 14%,
therefor resulting in the original amount of outstanding money being reduced to
$ 176,299. So, the Absolute Assignment and Transfer of Loans of monies still
owed when rounded off to the next common denominator is $ 180,000, and the
monthly EMIs are $ 8,642 this in turn brings the total payable interest down to
$ 27,416. Now, remember that, during the initial 24 months’ period, your
business would have already made payments amounting to $ 44,039 towards said
loan which means another $ 40,433 will be required in order to recover the
loan. However, because of the absolute assignment and transfer of loans the
business is now owing a total interest of $ 27,416, which means an immediate
direct cash injection of $ 13,000 is recorded in the books of the business.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">With
reference to the above example, if, the loan period can also be reduced to a
year, and if your income statements provide a cushion for this, you will get
even cash injections in the form of interest payable. The business will enjoy a
$ 26,493 increase, but this will also increase monthly EMIs to a steep $
16,162.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Similarly,
if you have a business loan for two and a half million dollars at 13.5 % for a
period of 20 years, the business has to pay monthly EMIs amounting to $ 30,184.
The total Interest the business pays during this 20-year tenure amounts to $
4,744,248. Following in the same light as the example above and after a year
the business opts for an absolute assignment and transfer of loans, which in
turn then reduces the rate of interest to 12%, meaning that the principal
outstanding is $ 2,473,700. Notice that the principal amount hasn’t decreased
by a lot, this mainly because $ 335,912 has gone towards the fulfillment of
payments owed to interest.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Assuming
that the business has chosen the absolute assignment and transfer of loans
during this 12% stage at $ 2,480,000 say for another 20 years, notice immediate
reduction in the total payment of interest owed by the company is $ 4,073,665
resulting in a saving of more than $ 330, 000. The following exercise brings
down the monthly EMIs to $ 27,307 which I am sure you agree that, that is a
much more manageable figure.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">The
beautiful thing about the absolute assignment and transfer of loans is that it
has no limit on the number of absolute assignment and transfers on the loan and
as the income of the business increases so too does the propensity to fulfill
said loan. It is considered as good practice to opt for the absolute assignment
and transfer of loans every 36 to 60-month period, which essentially means that
the business will be repaying its loan sooner if the income keeps increasing
and thus enjoy the benefits of reduced interest rates. It is common practice
for institutions to reduce the rate of interest by as much as 25 basis points,
but this usually happens at later payment periods but even the small reductions
can more often, mean a lot towards the overall balance sheet of a company.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">The Business Own Corporation </span></span><span style="text-align: center;"><span style="font-family: arial;"><a href="https://www.octahedge.com" target="_blank">MIND Repository</a> </span></span><span style="font-family: arial; font-size: 12pt;">is an incubator of corporate documents find the Absolute Assignment and
Transfer of Loans and other assignment/transfer and loan agreements.</span></div><div style="text-align: left;"><span style="font-family: arial;">
<br />
</span><div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- ------------------------- </span></div>
<div style="text-align: center;">
<div style="text-align: left;">
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Additional
info<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">In the event the debt is transferred and assigned
to a third party such as debt collector. The borrower should be made aware of
such assignment or transfer in order that he or she may know where and to whom they should
they make payments. Should the borrower hand over money to their old creditor once that debt has been assigned, chances are the payments will not be accepted, this
might create a situation where the debtor defaults their payment unintentionally.
Once a customer receives a debt transfer notice, they should verify with the
new creditor that they have the correct balance total for the debt and that the
monthly payment has been accurately recorded.</span></div>
</div>
</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-11697717678511867522019-05-06T12:26:00.008-07:002023-07-01T14:17:22.011-07:00Authorization to Debit Account<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2JKIAP9phUHxitcZUkYnFs30T4-JFqtzpRzEj2bUfYYS6xCCun6dHKR8Tie2_pQhujp4ULS_889J8vv482G8hNIhPUBgeK1Mo4qQJ8KR0Nus8HQJjUHbc2mcvvmniI0upQK0TQjaxpv_b/s400/Authorization+to+Debit+Account+28+AUG2018.png" style="display: none;" />
<span style="font-family: arial;"><br />
</span><div class="separator" style="clear: both; text-align: left;">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Authorization to debit account letter a letter
written to the Bank by an owner or a Signatory of a bank account to allow the
bank do transactions on the account. If you wish to give a third party the
power of attorney to a to manage your banking account, you must write a letter
of authorization to debit account and send it to your banker.</span></div>
<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: arial; font-size: 16px;"><br /></span></div>
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- ------------------------- </span></div>
<div style="text-align: center;">
<div style="text-align: left;">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<div class="MsoNormal">
<div class="MsoNormal">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">An
authorization to debit account letter, authorizes the holder to debit
transaction on the specified account and could be explained in a similar way to
a '</span><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">Buy Now'</span><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;"> button on a
website.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">What
happens behind the scenes is a process that sort off simulates the
authorization to debit account letter and you’ve probably also asked yourself, how
the dots connect to each other when one clicks on the ‘Buy’ link on a website?
Well, when one makes a purchase using a credit/ debit card, a card authorization
to debit account request is sent to the bank, this is done so that the card
sending the request is able to prove authenticity and validity with the bank.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">You see an approval system such as the card
authorization, is there to ensure that the payer has enough monies in their account
in order to be able to make payment on the transaction, while the authorization
to debit account note allows the holder to debit the said account in a similar
way. This approval is from the issuer and is usually done through a card
processing agent. Assuming that the details the customer entered are not
incorrect and that the money found in that account is enough for the transaction,
then the requested monies are held (when using an Authorization to Debit
Account letter the said amount will be debit from the issuing account) in order
that they can be debited from the credit account of the customer.</span></div>
</div>
<div class="MsoNormal">
<div style="text-align: left;"><br /></div><div style="text-align: left;"><div class="embed-container">
<span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1pbAL2ezqdGKfxmVNsz5DdkzKvWPmMxjF/preview"></iframe></span></div>
</div><div style="text-align: left;"><span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Whenever
an account is effected by a credit or debit transaction, the merchant account
will send a request to debit for said transaction to the acquiring bank,
through (Authorization to Debit Account) a card processing agent, such as a
verified payment gateway. The financial institution that maintains the
merchant’s bank account sends through to the issuer a request to review its client’s
records, to find out if indeed the client is who he says he is and that they
are using a validated card, while also checking whether or not they have the
requested funds that are desired in order to fulfill the payment.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">If
the funds are found to be sufficient and are able to fulfill the requested
amount for the transaction, an authorization to debit account hold is effected
on the requested amount from the account of the customer, which in turn means
that their credit account is also reduced by an amount which is equivalent to
that of the purchase. This in return results in the acquirer getting an approval
or error message. like you might have already guessed, in the event that an
insufficient funds message is received, the requested transaction will not be
completed. This would be the equivalent to a holder of the Authorization to
Debit Account letter finding that the account they have been authorized to
debit has no monies.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">An
Authorization to Debit Account letter will help you to protect your money if
you need to debit monies from a customer’s account this letter is used to
instruct the issuing bank to place a hold on the money so that it is available
for you to debit.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">By
placing a hold on monies effected by the authorization to debit account for
credit or debit account transactions, the merchant can safeguard his/her
business against fraud and unnecessary chargebacks. In the event of such
dealing, they are able to quickly block the funds in order to verify them, thus
ensuring that they get their payment for the purchase.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">What
happens with the authorization to debit account hold? First of all, this is
removed once the merchant confirmed that the due amount has been recorded or authorization
reaches its expiry date (mostly five days). Placing a temporary hold on the
customer’s account provides the acquirer a certain timeframe in which to validate
and so record the amount (via merchant) to fulfill the transaction.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">This
is how the processes and cogs turn when an authorization to debit account is
unsuccessful.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Most
payment gateways apprize on-line customers regarding these failures
mechanically by displaying an explicit message regarding why their action
wasn’t successful. While on the other side, the merchant is able to view the root
of the unsuccessful transaction as showed by the error message. The message
displaying the error may vary in accordance with the type of error being
experienced. There are codes for technical problems or issues with the data that
has been transferred to the processing unit, an incorrect configuration may occur
while processing, the might be an incorrect value while filling in the checkout
details, and so forth. However, in usual cases, error messages or alerts are in
most cases with regards to a customer’s account having insufficient funds.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">An
Authorization to Debit Account letter does pretty much the same thing for the
holder (the holder of the letter would be the merchant in this explanation) as
the acquirer does for the merchant.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">This and other banking related letters can be accessed from the Business Own Corporation </span><a href="https://www.octahedge.com" target="_blank">MIND Repository</a> </span><span style="font-family: arial; font-size: 12pt; line-height: 115%;">for your convenience. </span><span style="font-family: arial; font-size: 12pt;">This article explains the Authorization to Debit
Account letter and how it works.</span></div>
</div>
</div>
</div>
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- ------------------------- </span></div>
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">debit<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">ˈdɛbit/<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">noun<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">noun:
debit; plural noun: debits<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">1.1.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">an
entry capturing the amount owed, this is normally listed on the left-hand side
or column of an account.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">"a
double-entry system of clerking, where each debit has a corresponding credit
entry"<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">o a payment made or owed.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">"a
further withdrawal of £21 060 60 had been received from the Railway
Department"<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">verb<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">verb:
debit; third person present: debits; past tense: debited; past participle:
debited; gerund or present participle: debiting<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">1.1.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">(of
a bank or another monetary organization) take away (a quantity of money) from a
customer's account.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">"$10,000
was debited from their account"<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">o remove an amount of money from (a bank
account).<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">"cash
terminals automatically debit a customer's bank account"<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Authorization
to Debit Account for Bank<o:p></o:p></span></div>
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">You cannot complete your banking formalities for
various reasons. You have the option of giving a power of attorney to a trusted
person to act legally on your behalf and complete your banking formalities for
you. You must indicate your personal information in the letter and then
indicate the surnames, forenames and addresses of the proxy holder (s).
Attached to your letter must be a photocopy of either side of the identity
cards of the 2 persons involved with the power of attorney for banking. The
sending of your mail should be addressed to your bank branch, for your banker,
by registered mail with acknowledgement of receipt.</span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5117422453672638273.post-67358681495214809762019-03-12T02:27:00.006-07:002023-07-01T14:18:07.635-07:00Negative Response Regarding Request For A Letter Of Recommendation<img src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhts7WPawCn66GkNZUgsm-NG6ijEErpE-iqgX3Hw8UAmAEtm3AhczpQrPFSLru5eo7NsevW5o-dXE07utN_aMOmeRs8p-9h6oB5qUV_VVCIHAyR49wa8jsT_ryhqdheswKPvfXlUQAPQ3W/s320/A+Tactful+Way+to+Decline+to+Write+a+Letter+of+Recommendation+17+SEPT+2018.png" style="display: none;" />
<span style="font-family: arial;"><br />
</span><div class="separator" style="clear: both; text-align: center;">
</div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">A letter of advice or recommendation letter, additionally
referred to as a letter of reference, reference letter or just reference, is where
the adviser assesses the qualities, characteristics, and capabilities of the
person being recommended in terms of that individual's ability to perform a selected
task or operation.</span><br />
<span face=""arial" , "sans-serif"" style="font-size: 12pt;"><br /></span>
<br />
</span><div style="text-align: center;">
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- -------------------------</span></div>
</div>
<div class="MsoNormal">
<span style="font-family: arial;"><br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">If
you’re a senior at your company and you find yourself in a sticky situation
where a former employee rings up to ask her for a letter of recommendation. You
don’t want to do this, but you tell them you’ll get back to them.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Now,
this employee had been pretty unpopular at the firm and was known for “for the
sake of this conversation, let’s say” having a bad temper that came with
tantrums when things didn’t go their way. It bears the question, how, in good
conscience, do you write a letter of reference for someone you actually do not
approve of.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">The
art of declination or Saying “No” is in reality a skill that many people don’t
have. But, when you think about it, it is one life’s important skill, it helps
one to minimize the stressful situations and increase your productivity rate.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">As
many people do. One will often agonize with regards to saying “No” to the next
person thus getting pressured into doing things they really don’t want to see
themselves do. The reality is that, declining someone isn’t as hard as you
might think it is. If you say to somebody “no, thank you.” assertively and
clearly, chances are you would more than likely gain their respect rather than
lose it.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">After
all you are never obligation to write someone a recommendation letter.<o:p></o:p></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">In this article we provide you with a form to politely
and diplomatically decline such request without offending the person asking for
it. The best approach is to do decline the other party without making your
refusal sound like a personal criticism or a professional rejection.</span><br />
<br />
<br />
<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style></span><div class="embed-container"><span style="font-family: arial;"><iframe src="https://drive.google.com/file/d/1lYiBlQciRkMDLPt85XHXHiW8JQ2HzBgR/preview"></iframe></span></div>
<span style="font-family: arial;"><br />
<br />
</span><div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">There
form can be used to provide many suitable excuses, for example:<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">In
a situation where not really acquainted with the individual…<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">With
the form you able to advise them that the best recommendations come from people
who value your character and work skills. Easily and effectively communicate
that it is in no one’s best interest for you to endorse someone you can’t speak
genuinely about or someone you don’t intimately know.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">If
the individual insists on pursuing the matter (because some will), using the
same letter and a little bit of nipping and tucking, intelligently explain that
you not feeling comfortable about writing them recommendation as your integrity
and professionalism as a brand is on the line with each recommendation you
make.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Top
Tip: Use “I” statements rather than “you”- “I feel that we are not adequately
acquainted…” instead of “You haven’t made a good impression on me.”<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Some
seniors in companies will give negative references without considering how it
will impact the individual, professionally or psychologically. It’s better not
to give a recommendation at all rather than a vague or a negative one.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Steve
Jobs is quoted as saying - “Innovation is saying “no” to one thousand things.” <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 115%;">This article contains the form A Non-Abrasive Way to
Decline to Write a Letter of Recommendation. This and other Human Resources letters can be found at the Business Own Corporation </span><a href="https://www.octahedge.com" target="_blank">MIND Repository</a></span><span style="font-family: arial; font-size: 12pt;">.</span></div><div class="MsoNormal"><span style="font-family: arial;">
<br /></span></div>
<div style="text-align: center;">
<div style="text-align: center;"><span style="font-family: arial;">
---------------- ---------------------</span></div>
<div style="text-align: center;"><span style="font-family: arial;">
-------------------- -------------------------</span></div>
</div>
<div style="text-align: center;">
<span face=""arial" , sans-serif"><span style="font-family: arial; text-align: start;"><br /></span></span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial; font-size: 18pt;">Letter of Recommendation</span></div>
<div class="MsoNoSpacing">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNoSpacing">
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">A
letter of recommendation in which a writer (usually a person in a supervisory
role) evaluates the skills, work habits, and achievements of an individual
applying for a employment, for admission to graduate school, or for some other
professional position. Also called a letter of reference.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">When
requesting a letter of recommendation (from a former professor or supervisor,
for instance), you should (a) clearly identify the deadline for submitting the
letter and provide adequate notice, and (b) offer your reference with specific data
regarding the position being applied for.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<span style="font-family: arial; font-size: 12pt; line-height: 115%;">Many prospective employers and graduate colleges request
that recommendations be submitted online, usually within the prescribed format.</span></div>
Unknownnoreply@blogger.com0