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What is the difference between contract terminationcancellation and invalidation?
Contract termination refers to the formal ending of a contract's obligations by one or both parties, often due to specific conditions being met. Cancellation, on the other hand, typically occurs before the contract is executed, nullifying it as if it never existed. Invalidation involves a contract being deemed legally unenforceable or void from the outset due to issues such as lack of capacity or illegality. Thus, termination ends a valid contract, cancellation prevents it from taking effect, and invalidation declares it invalid from the beginning.
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What is the difference between temporary and contract?
temporary/contract work
What is the difference between contract of sell from contract of sale?
"Contract of sell" is just "contract of sale" misspelled.
Difference between Percentage of Completion method and Completed Contract method?
Difference between Percentage of Completion method and Completed Contract method?
What is the difference between contract and non contract production units?
the are just different.
What is the difference between breach of contract and discharge of contract?
Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.
What are some contracts for differences?
"In finance, a contract for difference is a contract between two different parties. Buyer and seller are involved. The buyer has to pay the seller the difference between the current value of the thing and its value during contract time."
Difference between contract of Affreightment and charterparty contract?
Contract of affreightment is hiring the vessel or part of the vessel on the other hand charterparty contract mean the trade agreement between charterer and the shipowner.
what are Difference between a contract and an agreement?
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
Distinguish between void and illegal contracts?
The main difference between a void contract and an illegal contract is that a void contract is no longer valid. It's lost its authenticity. An illegal contract is a contract that is not legal in the name of law. Therefore, it is not relevant.
Explain the difference between a call option and a long position in a futures contract?
The only difference between a long call option and a long futures position is the derivative itself--one of them is an option, the other is a futures contract.
What is the difference between an attachment to a contract and an addendum to a contract?
Addendum's are often added to contracts in order to add or make changes to the contract. Attachments on a contract are often found in e-mails.
Explain the difference between a put option and a short position in a futures contract?
Well, the first difference is the root difference between a futures contract and an option contract: in a futures contract you MUST complete the sale at the end of the contract (if you didn't buy it back before the settlement date) but in an option you CAN.Once we're past that, the short position in a futures contract--the person who has the item the contract is derived from, such as a thousand bushels of wheat--is the same as the buyer of a put. Both of them have the thing now, and will transfer title to it after settlement or exercise.
