Hire purchases are especially common in sectors that involve pricey equipment, like construction, freight, engineering, and manufacturing. It can also be used for small-scale assets, for things like company cars or mobile phones, for example.
An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract.
A “submission agreement” (also called an “agreement to arbitrate”) is a written agreement between two parties that establishes the use of arbitration to settle a dispute (or any and all disputes) that may arise between them.
A submission agreement is a contract between two parties that establishes the use of arbitration to settle any disputes that may arise between them. This type of contract is used when the contract parties have an agreement that does not already provide arbitration as an option for dispute resolution.