Free trade agreements (FTA) are arrangements between two or more countries that remove or reduce trade barriers such as tariffs, quotas, and regulatory barriers. This agreement aims to promote international trade by creating a level playing field and providing benefits to all participating countries. In this article, we will provide an explanation of free […]

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MT101 Bilateral Agreement: Understanding the Basics In the world of international banking, the MT101 is a commonly used message format for electronic transfers of payment instructions between financial institutions. In particular, the MT101 bilateral agreement is an arrangement between two parties that allows for electronic communication of payment instructions using this format. What is […]

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As a tenant, renting a property comes with the responsibility of adhering to the terms and conditions of the tenancy agreement. However, there are instances where tenants breach this agreement, which can lead to legal issues and even eviction. In this article, we will explore what happens when a tenant breaches a tenancy agreement. […]

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The financial and administrative framework agreement (FAFA) is a contractual agreement between the government and an implementing agency. It sets out the terms and conditions for the disbursement of funds, procurement of goods and services, and reporting requirements for a project or program. This agreement is essential in ensuring the efficient implementation of projects […]

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Engineering Agreement: A Comprehensive Guide for Businesses In the field of engineering, an agreement is a binding legal document that outlines the terms and conditions of a project between two parties. It is critical for businesses to have a well-drafted engineering agreement to promote clarity, establish expectations, protect intellectual property, and prevent disputes. In […]

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A forward rate agreement (FRA) is a financial contract between two parties to lock in a future interest rate. This agreement allows them to hedge against interest rate risks and protects them from fluctuations in the market. However, there are a few different types of FRAs, and it`s important to understand the differences to […]

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The ISDA Energy Agreement: Understanding Its Purpose and Importance The ISDA Energy Agreement is a legally binding document used in the energy industry to regulate transactions related to energy derivatives. It is an agreement made between two parties, a buyer and a seller, who agree on terms related to the purchase or sale of […]

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