Vehicle contract provide an excellent opportunity for the working class people to drive their dream cars. It is not possible for every individual to pay the price of a vehicle upfront. Vehicle contract allow people to take vehicles on operational lease during the lifetime of the vehicle. With a vehicle contract hire a person is required to pay an equal amount every month for the using the vehicle he has chosen. The cost per month is indirectly related to the rate o depreciation the vehicle would suffer over its estimated useful life and the period of the contract.
Depending on the vehicle make and its known condition after continued use for a long time the company may charge high or less equated monthly installments. The monthly installments may include the cost of servicing, maintenance, taxes or other duties payable by the owner otherwise. The vehicle on the expiry of the contract has to be returned to the vehicle contract hire vendor. The contract will be drawn based on a rough estimation of the number of miles the vehicles is estimated to travel in a year. Where the actual miles travelled exceed the agreed number of miles, an additional charge per mile have to be paid at a stipulated rate as per the contract.
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We are adding a useful wedding contract template free for you. A wedding contract is a formal deed between a future husband and a wife which lays down the terms and conditions of their wedding. A wedding contract should be prepared in confirmation with the legal rules and also should not deviate from rules governing public order, customs or common decency. A wedding contract requires to be drawn before the wedding and should be signed by the would-be husband and wife in front of an attorney. The contract becomes effective from the date of wedding which will be supported by a wedding certificate stating the wedding contract number, name and contact of the attorney who drew up the contract, type of contract, name of the bride and bridegroom, etc.
In the absence of a wedding contract the wedding would be under the purview of the statutory prenuptial system. A prenuptial agreement includes all the terms and conditions regarding the use of and ownership of assets during the wedding and the settlement of assets in case the wedding is dissolved. A prenuptial commences along with the wedding contract and ends upon the death, divorce or legal separation of the couple’s assets. This our free wedding contract template can be amended during the lifetime of the married couple with their mutual consent in the presence of an attorney.
Here is a free wedding contract template for you to download.
Here is a free management contract template for you to download. It is a contract by which the operations are undertaken to be carried out by another enterprise which performs all the necessary managerial function in return for a specified management fees. Unlike franchising where a product or know-how is given as a license to be used, management contract involves actual performance of the operational activities. Operational activities may span a range of services like managing production facilities, supplying and maintaining human resources, providing accounting and book-keeping services, marketing a product or the brand or even training of personnel.
Management contract are most prevalent in the hotel industry where the hotel property is handed over to an enterprise for management which has a brand name in hospitality. The owner of the property pays license fees or management fees to the service provider. Management contract come as a rescue for business owner who lack the skill to run a business. It gives them access to professional expertise and technical knowledge which will help the business in attaining in a competitive advantage in the industry. It is also a beneficial for conglomerate companies having multiple business and product lines to save time which can be used to focus on the big picture of the business group.
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A sample separation contract template is added here for your reference and guidance. A separation contract is a contract between a husband and a wife when they decide to stay separated for an indefinite period time, perhaps forever. This contract lays down the conditions for various matters like property division, custody, support payment, etc. A separation agreement gives clarity and mutual understanding to ambiguous matters like repaying debt liabilities, custody of children, arriving a consensus on support claims, etc. It is wise to get a separation agreement prepared by an attorney or a professional legal advisor to ensure that complex phrases of the agreement are properly phrased without giving advantage for one party over another.
A separation contract should be signed by both the husband and wife and notarized to make it legal. A separation agreement is not an assurance to the fact that a couple will be given divorce; it is only an agreement which will make the process for getting a divorce easier and simpler. A separation contract being a contract between the spouses; is not binding to third parties like creditors, banks or finance companies to whom the spouse is supposed to repay debts. The default of the spouse to repay a debt will result in the liability being transferred to the other. The spouse can sue the other for breach of contract resulting in which the debt had to be cleared.
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You can download free sample consulting contract template from this site. A consulting contract is entered into between a consultant and a client laying down the terms and conditions of service to be provided by the consultant and the quantum of remuneration for the consultancy work. A consulting contract describes the nature, objectives and goals of the work to be performed by the consultant in clear terms. It avoids ambiguity in understanding the requirement of the consultancy work and saves time, effort and resources of both the parties.
The consultant with his expertise and specialized knowledge in the field helps the client in conducting his business or to make necessary changes in operational methodologies. The client shall provide open access to its records, documents and operations for enabling the consultant to obtain an understanding of his business. The consultant shall be required to be keep all the information regarding the client obtained by him during the course of the work. The consulting contract shall lay down the manner and frequency in which the consultant shall report to the client. The consulting contract maybe entered for a particular duration of time or for a specific assignment, in which case soon after the expiry of the contract or the completion of the assignment the contract becomes invalid.
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To help you we have added here a free rental contract template for you. A contract between a tenant and a landlord to use the building of the landlord for residential accommodation is known as rental contract. A rental contract is drawn for a period until when the tenant is expected to occupy the building. The contract may require the tenant to pay advance money as security deposit to the landlord which the landlord can use to set off any damages caused by the tenant during his stay. The contract will lay down the terms and conditions regarding the payment of rent, the due date and mode of payment. The rental contract has to be signed by the landlord and the tenant with a witness present when it is being signed. The contract become effective from the day it is signed or the day when the tenant takes accommodation of the property whichever is earlier.
A rental contract may be fixed term of for a periodic term. Under a fixed term rental contract the tenant has to stay in the property for the entire term of the contract. The rent may also be increased by the landlord during the period of the contract. Under a periodic term contract a tenant can vacate the premises as and when he desires without having to pay any rent for the future period. However, all outstanding rent dues have to be paid in full.
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A loan contract regulates the terms of a loan and we have added here sample loan contract template for you. A loan is a temporary lending of money to a debtor who is required to repay the same along with a certain rate of interest to the lender or creditor. The repayments can be made according to repayment schedules spread over a period of time or in a single installment. Interest is charged by the creditor to compensate for the credit granted by him to the debtor. Loan contracts should be in written form in order to confirm both the parties to the loan arrive at a consensus regarding the rate of interest, repayment of loan and loan period. we hope that this Loan Contract Template will be of much use to you.
A loan will generally be guaranteed by a person known as surety or guarantor who is required to repay the loan in case of default from the side of the debtor. Lenders generally grant loans based on some tangible security like land and building, freehold premises, plant and machinery, etc the resale value of which would be sufficient to cover the loan amount in case of default by the debtor. After the expiry of the loan period and on repayment of the loan amount with interest the rights and obligations of both the parties are extinguished and the loan contract becomes null or invalid.
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A sample maintenance contract template for you in MS word format. A maintenance contract is a fixed free service, generally provided by the manufacturer of equipment or contractor, over a period of time for maintaining buildings or equipments. The company provides the service provider monthly or annual service payments based on the terms of the maintenance contract. A maintenance contract could be for servicing of equipments or supply of labor. A well structured maintenance contract can relieve the stress of the engineering and mechanical department of an organization and can save cost, time and effort of its labor force. It provides a company more flexibility in availing services than using its own employees. During crisis or downsizing of company maintenance contracts can be altered to reduce the frequency of the service schedule or the labor and thereby cut costs.
Maintenance contracts aid a company is preparing its budget forecasts accurately and more precisely since the costs are known for a finite period of time. A maintenance contract promises quality service and good upkeep of equipments since the payments to the contractor are linked to the efficiency and the performance of the equipment. It ensures that technical issues are handled by persons with expertise which otherwise would have been tough for the company to screen and recruit. Further, all the employee benefits like pensions, gratuity, taxes, etc become the responsibility of the contractor than of the company.
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You can download an investment contract template from this site. An investment agreement states the rights and responsibilities of the related parties and establishes the terms of the investment. It sets out the nature, structure and pattern of investment. The quantum of funds that has to be invested for procuring the good or services are defined in the investment contract. Investments are made either in the form of equity or debt. Equity investments like equity and preference shares allow the investors voting rights in the management of the investor company whereas the holders of debt instruments like debentures, deposits, etc are entitled only to repayment of principal amount and interest.
The parties to an investment contract can be individuals, partnership firms, companies, government or the general public. Similar to any other contract, an investment contract also states the name and addresses of the parties to the contract who are accepting to make investments in the business venture. It also specifies the amount of investment and the manner and form of such investment. The consideration for investments would generally be a share of profits or in the case of public limited companies dividend returns. Investments could be made for a definite time or perpetually. In case of limited time investments the time frame within which the investment has to be returned and the method of repayment would also be agreed upon in the contract.
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Download license contract template here for free of cost. It is a contract by which the owner of a copyright, knowhow, patent, service mark, trademark, license or any other intellectual property, grants the rights to use, make, sell or make copies of the original. The licensee in exchange for this grant of rights pays a consideration in the form of royalties. Licensing agreements are widely used in selling of technology or software. They are known as End User License Agreement (EULA) which allows the users to use the software for the money that they have paid. A user who is using licensed product of the licensor cannot be sued. License contract is very much important document.
A licensor has the rights to sue any person who is using his product without the license. A licensor may grant permission to the licensee to sell or distribute his works such as photographs, art works, written material etc. Licensing a product is of great advantage to a producer or manufacturer since the product can be licensed to an existing company with its own selling and distribution channels. The company is turn would pay royalty on sales which begins a regular stream of cash inflows without having to spend much on marketing and advertisements. However, once the product is licensed, unless anything contrary is agreed upon in the contract the licensee literally has no control over how the product would be marketed and advertised to customers.
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