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A cancellation clause in a contract may state that either party can terminate the agreement with a written notice at least 30 days before the intended cancellation date.

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6mo ago

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Does a 72 hour cancellation clause mean actual 72 hours or 72 business hours?

It means 72 hours not business hours ;)


What is the definition of client management?

If you're looking for a textbook answer, take a class at a community college, or Google or Wikipedia the term. This one is real-life.Large corporations (the customer) often hire contract companies (contractors) to do specific work for them. A custom contract is drawn up and signed, detailing the work and the fees. For a small contractor, this can mean a substantial income, and may even be the major source for all their income (that's bad -- you should diversify). The large customer may include some 'weasel' clauses that seem harmless to the uninitiated, but enable them to legally cancel or alter the contract on a whim. They don't necessarily want to cancel, they merely want to be able to threaten to cancel.Later, the customer will squeeze the contractor to do additional work (scope creep), but not be required to pay for it. This means the large customer's work is actually being financed by the small contractor. The threat of finding a clause that will allow the customer to cancel the contract, or threatening to refuse to renew the contract, makes the additional work more likely to get done at no cost to the customer. Sometimes mere verbal abuse and threats are adequate.Client Management in this context means, "If your customer is making outrageous new demands, and wants them for free or at a ridiculously low price, you're not managing your client properly."If you're about to sign a contract written by someone else, and you don't have a clear understanding of your duties of SLA's (Service-Level Agreements), SOW's (Scope-of-Work agreements), or RFP's (Request for Proposal), you're out of your depth; someone WILL take advantage of you. The #1 rule for accumulating wealth is 'have someone else pay your bills.'


What is the controlling idea?

Every sentence that follows the topic sentence will in some way support or prove the controlling idea. If any main clause does not support the controlling idea, it has no purpose in the paragraph.


What is scope relationship in cognos Framework Manager?

They are not the same as joins and do not impact the Where clause. There are no conditions or criteria set in a scope relationship to govern how a query is formed, it specifies only if a dimension can be queried with a specified fact. The absence of a scope relationship results in an error at runtime.


Define Granularity in database management system?

If one application holds a lock on a database object, another application might not be able to access that object. For this reason, row-level locks, which minimize the amount of data that is locked and therefore inaccessible, are better for maximum concurrency than block-level, data partition-level or table-level locks. However, locks require storage and processing time, so a single table lock minimizes lock overhead. The LOCKSIZE clause of the ALTER TABLE statement specifies the scope (granularity)of locks at the row, data partition, block, or table level. By default, row locks are used. Only S (Shared) and X (Exclusive) locks are requested by these defined table locks. The ALTER TABLE statement LOCKSIZE ROW clause does not prevent normal lock escalation from occurring. A permanent table lock defined by the ALTER TABLE statement might be preferable to a single-transaction table lock using LOCK TABLE statement in the following cases: * The table is read-only, and will always need only S locks. Other users can also obtain S locks on the table. * The table is usually accessed by read-only applications, but is sometimes accessed by a single user for brief maintenance, and that user requires an X lock. While the maintenance program runs, the read-only applications are locked out, but in other circumstances, read-only applications can access the table concurrently with a minimum of locking overhead. For an MDC table, you can specify BLOCKINSERT for the LOCKSIZE clause in order to use block-level locking during INSERT operations only. When this is specified, row-level locking is performed for all other operations, but only minimally for INSERT operations. That is, block-level locking is used during the insertion of rows, but row-level locking is used for next-key locking if RR scans are encountered in the indexes as they are being updated. BLOCKINSERT locking might be beneficial in the following cases: * There are multiple transactions doing mass insertions into separate cells. * Concurrent insertions to the same cell by multiple transactions is not occurring, or it is occurring with enough data inserted per cell by each of the transactions that the user is not concerned that each transaction will insert into separate blocks. The ALTER TABLE statement specifies locks globally, affecting all applications and users that access that table. Individual applications might use the LOCK TABLE statement to specify table locks at an application level instead.parant post http://publib.boulder.ibm.com/infocenter/db2luw/v9r5/index.jsp?topic=/com.ibm.db2.luw.admin.perf.doc/doc/c0005271.htmlmy blog http://jacksparrowcode.blogspot.com/

Related Questions

Does every contract have to have a grace period?

No. That is why you read the contract before you sign it to see of there is a cancellation clause.


Can you provide an example of an escape clause in a contract?

An example of an escape clause in a contract could be a provision that allows one party to terminate the agreement if certain conditions are not met within a specified timeframe.


Examples of contract with a penalty clause?

Example of penalty


Can you get out of a signed contract?

You need a legal reason to cancel a contract. Examine the contract and confirm that there is no cancellation clause and that the other party has fulfilled all of their obligations. If neither of those answer your question you should contact a local attorney for assistance.


Can you give me a sentence for clause?

Example sentence - You must read the contract completely in order to find the clause that applies.


Can you back out of the deal if you signed a contract for a new car but gave them no money?

Not legally. The auto dealer may agree to cancel the contract, but they are under no obligation to do so. Once you sign a contract, you enter into a legally binding agreement. There is no 3-day cancellation clause or anything else that can get you out of it.


What is the contract duration clause in the agreement?

The contract duration clause in an agreement specifies the length of time that the contract will be in effect.


Describe and explain the term variation clause as it applies to a contract and provide at least 3 examples variation clauses?

Variation Clause in a contract would allow a party to vary the terms stated in the contract, with no need for fresh consideration. Thus, it is easier for changes to contracts to be made. That said, the variation must be within reasonable limits. An example would be of the Variation Clause found in an employment contract, where the employer will be able to vary the salary of an employee. Another common example would be a Price Variation Clause that allows for fluctuation in prices of goods sold or services rendered. Another common example I can think of is with regards to the interest rates that banks provide for loans and probably savings accounts, depending on the economic environment. >> All the above are answered based on my general knowledge and is not to be taken as correct interpretations of variation clauses. I do not have any credentials.


What specific clause, when signed by all parties to a sales contract, changes the original terms of the contract?

The specific clause that, when signed by all parties to a sales contract, changes the original terms of the contract is known as an amendment clause.


What are the benefits of including an alternative dispute resolution clause in a contract?

Including an alternative dispute resolution clause in a contract can provide benefits such as faster resolution of disputes, cost savings compared to litigation, confidentiality, and the ability to maintain a business relationship.


What is moral contract?

Are you referring to a morality clause in a contract? It basically is a clause that says that if one of the parties does something offensive to public standards of morality, then the other person has the right to void the contract. So, for example, a model might sign a contract with an advertiser with a morality clause in it, and if she then sacrifices a goat while naked at noon in Times Square, the advertiser has the right to cancel the remainder of the contract to avoid being associated with naked goat-sacrifice.


How many days do you have to cancel a home improvement contract?

In the United States, homeowners typically have the right to cancel a home improvement contract within three days of signing, thanks to the Federal Trade Commission's cooling-off rule. However, this can vary by state, and some states may allow a longer cancellation period or have specific regulations for home improvement contracts. It's essential to review the contract and local laws to understand your rights. Always check for a cancellation clause included in the contract as well.