Below is a list of the most common customer questions. If you can’t find an answer to your question,
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What does it mean when a company says they are restructuring?
Restructuring is a corporate action undertaken by a company to significantly change its financial or operational structure, typically when it is under financial duress. Companies may also restructure when preparing for a sale, buyout, merger, change in overall goals, or transfer of ownership.
What does company restructuring mean?
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs.
What is Master Restructuring Agreement?
Master Restructuring Agreement. Master restructuring is an ideal process adopted by an organization in order to reorganize the capital structure of the organization. This is usually done whenever the organization is facing problems in making payments in regards to its debt or when the company is about to collapse.
Do terms and conditions need to be signed?
To return to the original question, then a terms and conditions contract does not need to be on paper and physically signed, but both parties must be aware of its existence in a demonstrable way, and not in dispute over the terms.
What happens if you don't agree to terms and conditions?
Indeed, if the website, app or software is written properly, then failure to accept terms and conditions means that you will not be able to use that website, app or software.
What happens if a contract is not signed?
The answer is yes. It is important to be aware that when agreeing to a written contract, it does not need to be signed by both parties to be legally binding. This case highlights that even if a contract says it has to be signed to be binding, if it is unsigned it may still have a legally binding effect.
Do both parties have to sign a contract for it to be valid?
A written contract must be signed by both parties to be legally enforceable. However, some types of oral contracts are also valid and do not require signatures from either party.
What would make a contract unenforceable?
An unenforceable contract is a written or oral agreement that will not be enforced by courts. Contracts may be unenforceable because of their subject matter, because one party to the agreement unfairly took advantage of the other party, or because there is not enough proof of the agreement.
What do you mean by unenforceable contract?
An unenforceable contract is a valid contract that cannot be fully enforced due to some technical defect. Unenforceable contract has some legal consequences which may not be enforced in an action for damages or specific performance in the face of certain defenses including the statute of frauds.
What can make a contract invalid?
The following reasons could make a valid contract impossible to enforce: Lack of capacity. Duress, or coercion, into a contract. Undue influence.
Why is a contract to conclude a contract invalid?
Contracts can be declared void on certain grounds. Contracts concluded by coercion are invalid. If a contract has due to a typo or other error of the party a different content than intended, the contract is not binding without any changes, if the other party knew or had to have known of the mistake.
What does legally invalid mean?
Invalid. Null; void; without force or effect; lacking in authority. For example, a will that has not been properly witnessed is invalid and unenforceable.
Which contract can be enforced?
A contract is enforceable if a court is willing to obligate both parties to carry out the terms of the agreement. Courts deem contracts enforceable if the terms are willingly agreed to by the parties and something of value is exchanged between the parties.
How can a person enforce a contract?
The main contract enforcement mechanisms are self-enforcement (e.g. posting bonds, ending a commercial relationship), reputation (e.g. risking a future commercial relationship), organisational (e.g. third party audits), technology (e.g. to monitor sales) and of course contract law.