AGC Master Labor Agreement: The Essential Guide for Construction Companies Construction companies and their workers rely heavily on labor agreements to ensure fair working conditions and benefits. Among the most notable labor agreements in the construction industry is the AGC Master Labor Agreement (MLA). This agreement, which has been in place for over a…
Month: February 2023
Written Security Agreement Definition
A written security agreement is a legal document that outlines the terms and conditions of a loan or credit transaction secured by collateral. In simpler terms, it is a contract between the borrower and lender that specifies the collateral that the borrower will put up as security for the loan. The collateral can be…
What Is the Difference between a Material Breach of Contract and a Non Material Breach of Contract
In the world of contracts, breaches can happen, regardless of how well-drafted the agreement is. The two types of breaches that occur are material breaches and non-material breaches. Understanding the difference between these two types of breaches is critical because it can impact how the breach is handled and what remedies are available to…
Interservice Support Agreement Navy
An Interservice Support Agreement (ISSA) is a written agreement between two or more military services or agencies in which they agree to provide specific support to one another. In the United States Navy, ISSAs are a critical component of joint operations, allowing sailors to effectively work with other branches of the military and enabling…
Partnership Agreement to Open Bank Account
Partnership Agreement to Open Bank Account: What You Need to Know When starting a new business as a partnership, one of the most important aspects to consider is opening a bank account. However, before you can even step foot in a bank, you’ll need to have a partnership agreement in place. A partnership agreement…