What Is Governing Law in Contracts? | GTsetu Home › Global Trade Resources › Governing Law ⚖️ Resources, Legal & Commercial Terms What Is Governing Law in Contracts? (Choice of Law) 📌 Definition A governing law clause (also known as a choice of law clause) is a contractual provision that specifies which jurisdiction’s legal system … Read more
What Is a Limitation of Liability Clause? | GTsetu Home › Global Trade Resources › Limitation of Liability Clause 📋 Resources, Legal & Commercial Terms What Is a Limitation of Liability Clause? 📌 Definition A Limitation of Liability clause is a contractual provision that caps the amount of damages one party can recover from another … Read more
What Is an Indemnity Clause? | GTsetu Home › Global Trade Resources › Indemnity Clause ⚖️ Resources, Risk & Liability What Is an Indemnity Clause in Commercial Contracts? 📌 Definition An indemnity clause (or indemnification clause) is a contractual provision that allocates risk by requiring one party, the indemnifier, to compensate the other party, the … Read more
What Is A Share Purchase Agreement (SPA)? | GTsetu Home › Global Trade Resources › Share Purchase Agreement 📋 Resources, Legal & Commercial Terms What Is a Share Purchase Agreement? 📌 Definition A Share Purchase Agreement (SPA) is the definitive, legally binding contract between a seller and a buyer for the sale and purchase of … Read more
What Is an Asset Purchase Agreement (APA)? | GTsetu Home › Global Trade Resources › Asset Purchase Agreement 📄 Resources, M&A & Transaction Legal What Is an Asset Purchase Agreement (APA)? 📌 Definition An Asset Purchase Agreement (APA) is a definitive legal contract where a buyer purchases specific assets of a business, equipment, inventory, intellectual property, customer … Read more
What Is a Subscription Agreement? | GTsetu Home › Global Trade Resources › Subscription Agreement 📄 Resources, Capital & Investment Contracts What Is a Subscription Agreement? 📌 Definition A Subscription Agreement is a legally binding contract between an investor and a company (typically a private company or startup) through which the investor agrees to purchase … Read more
What Is a Shareholders Agreement? | GTsetu Home › Global Trade Resources › Shareholders Agreement 📋 Resources, Legal & Commercial Terms What Is a Shareholders Agreement? 📌 Definition A Shareholders Agreement is a private, legally binding contract between the shareholders of a company and the company itself. It regulates the relationship between shareholders, corporate governance, … Read more
What Is a Framework Supply Agreement? | GTsetu Home › Global Trade Resources › Framework Supply Agreement 📄 Resources, Commercial Contracts What Is a Framework Supply Agreement? 📌 Definition A Framework Supply Agreement is a long-term binding master contract between a buyer and one or more suppliers that establishes the commercial, operational, and legal terms, … Read more
What Is an Exclusivity Agreement? | GTsetu Home › Global Trade Resources › Exclusivity Agreement 📋 Resources, Legal & Commercial Terms What Is an Exclusivity Agreement? 📌 Definition An Exclusivity Agreement (also called an exclusivity clause, no-shop clause, or lock-up agreement) is a contractual provision that prohibits one party from negotiating, soliciting, or entering into … Read more
What Is a Condition Precedent? | GTsetu Home › Global Trade Resources › Condition Precedent 📋 Resources, Legal & Commercial Terms What Is a Condition Precedent? 📌 Definition A Condition Precedent (CP) is an event or state of affairs that must occur before a party’s obligation to perform its principal duties under a contract arises. … Read more