Commerical law

Commerical law

Industry: Legal services

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Commerical law

settlement

Legal services; Commerical law

an adjustment or other understanding reached in financial matters, business proceedings, or the like

to compromise a contract

Legal services; Commerical law

when the parts reach an agreement in order to sign a contract

agreement

Legal services; Commerical law

A complete understanding between both sides. In an agreement, you can agree one issue or more.

advance clause credit

Legal services; Commerical law

These credit incorporate a clause wich authorises the advising bank to make an immediate payment to the beneficiary of an amount up to the total of the credit, or som lesser nominated amount. The ...

bill of exchange

Legal services; Commerical law

A negotiable instrument that represents an unconditional demand for payment.Together with the bill of lading it forms the basis for the documentary collection procedures and together with the ...

This is a guarantee that advance payments will be returned if the party having received such payments does not perform its part of the contract.This guarantee is applied by the bank.A guarantee of ...

ad valorem duty

Legal services; Commerical law

A duty assessed as a percentage rate of the value of the imported merchandise. This percentage is pre-establish in each country. The total paid increases with the value of whats being taxed.