A letter of credit is a secure payment method used in cross-border deals. Here's how it works and how to use it in contracts.
Category: Legal Insights
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What Is the Basel Convention?
What Is the Basel Convention? Basel Convention Definition and Examples Quick Answer The Basel Convention is a global treaty that regulates the transboundary movement and disposal of hazardous waste. Its main goal is to protect human health and the environment from the dangers of poorly managed waste — especially when waste is shipped from developed...
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The Problem With Copy-Paste Legal Documents in Digital Products
Many startups copy legal templates or terms from competitors—but the problem with copy-paste legal documents can backfire. Here’s how to avoid risk and build trust with better legal foundations.
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Why Force Majeure Clauses Must Be Updated Post-Pandemic
Why Force Majeure Clauses Must Be Updated Post-Pandemic Contracts Aren’t Ready for the Next Global Crisis — Yet When COVID-19 shut down supply chains, grounded flights, and forced businesses to close their doors overnight, many turned to one clause in their contracts with hope: force majeure. For some, it worked. For many others, it didn’t....
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Why Real Estate JVs Fail: A Legal Perspective
Many real estate JVs collapse not from bad faith, but from bad contracts. Here's what to watch for—and how to protect your deal.
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5 Legal Considerations When Hiring Freelancers
Protect your business by understanding these 5 legal considerations when hiring freelancers—from contracts to intellectual property.
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10 Questions to Ask Before Signing With a Guest Instructor
Protect your business by asking these 10 smart questions before signing with a guest instructor. Cover content rights, liability, and more.
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What Is a Franchise Disclosure Document (FDD)? Definition and Examples
Learn what a Franchise Disclosure Document (FDD) includes, why it’s legally required, and how to use it in franchise evaluations.
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What Is a Terms of Service Agreement? Definition and Key Clauses
A clear explanation of what a Terms of Service agreement is, why your business needs one, and how to draft it properly.
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What Is an EIA (Environmental Impact Assessment)?
An Environmental Impact Assessment (EIA) helps prevent costly mistakes in projects by identifying environmental risks before you build. Here’s how it works.