What Is CIF (Cost, Insurance & Freight)? | GTsetu Home › Global Trade Resources › CIF (Cost, Insurance & Freight) 🚢 Incoterms® 2020, Logistics & Trade Compliance What Is CIF (Cost, Insurance & Freight)? 📌 Definition CIF (Cost, Insurance and Freight) is an Incoterm® rule, applicable only to sea or inland waterway transport, under which … Read more
What Is FOB (Free On Board)? | Incoterms 2020 | GTsetu Home › Global Trade Resources › FOB (Free on Board) ⚓ Incoterms 2020 | Sea Freight What Is Free on Board (FOB)? 📌 Definition, Incoterms 2020 Free on Board (FOB) is an Incoterm rule for sea and inland waterway transport. The seller delivers the … Read more
EXW (Ex Works) Incoterms 2020 | Complete Guide | GTsetu Home › Global Trade Resources › EXW (Ex Works) 🚛 Incoterms 2020, Logistics & Commercial Terms What Is EXW (Ex Works)? A Complete Guide 📌 Incoterms® 2020 Definition EXW (Ex Works) is an international trade term (Incoterm) where the seller’s sole responsibility is to make … Read more
What Is an Escrow Agreement? Definition, Uses & Key Clauses | GTsetu Home › Global Trade Resources › Escrow Agreement 🔐 Legal & Commercial Terms What Is an Escrow Agreement? 📌 Definition An Escrow Agreement is a binding legal contract where a neutral third party (the escrow agent) holds funds, assets, or documents until specified … Read more
What Is Intellectual Property (IP)? | GTsetu Home › Global Trade Resources › Intellectual Property (IP) ⚖️ Resources, Legal & Commercial Terms What Is Intellectual Property (IP)? 📌 Definition Intellectual Property (IP) refers to creations of the mind, inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IP is protected in … Read more
What Is an Assignment Clause? | GTsetu Home › Global Trade Resources › Assignment Clause 📋 Resources, Legal & Commercial Terms What Is an Assignment Clause? 📌 Definition An assignment clause is a contractual provision that governs whether and under what conditions a party may transfer its rights, benefits, or obligations under the agreement to … Read more
Survival Clause in Contracts | GTsetu Home › Global Trade Resources › Survival Clause ⚖️ Resources, Boilerplate & Contract Drafting What Is a Survival Clause? (Savings Clause) 📌 Definition A survival clause (also known as a savings clause) is a contractual provision that specifies which rights, obligations, representations, warranties, and covenants will continue in full … Read more
What Is Termination for Cause? | GTsetu Home › Global Trade Resources › Termination for Cause ⚠️ Resources, Contract Termination What Is Termination for Cause in Commercial Contracts? 📌 Definition Termination for cause (also known as termination for default) is a contractual right that allows a party to end an agreement when the other party … Read more
Termination for Convenience Clause | GTsetu Home › Global Trade Resources › Termination for Convenience 📄 Resources, Contract Termination What Is Termination for Convenience? (T for C Clause) 📌 Definition A termination for convenience (T for C) clause allows a party, typically the buyer or government entity, to end a contract without alleging breach or … Read more
What Is a Cure Period? | GTsetu Home › Global Trade Resources › Cure Period 📋 Resources, Legal & Commercial Terms What Is a Cure Period? 📌 Definition A cure period (also known as a grace period) is a contractual provision that grants a party who has breached an agreement a specified period of time … Read more