what is an offtake agreement
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What is an 'Offtake Agreement' DEFINITION of 'Offtake Agreement'. An agreement between a producer of a resource and a buyer of a resource to purchase/sell portions of the producer's future production.An offtake agreement is normally negotiated prior to the construction of a facility such as a mine in order to secure a market for the future output of the facility.If lenders can see the company will have a purchaser of its production, it makes it easier to obtain financing to construct a facility. Next Up.REAKING DOWN 'Offtake Agreement'. Offtake agreements are frequently used in natural resource development, where the capital costs to extract the resource is signficant and the company wants a guarantee that some of its product will be sold.
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What is a 'Forfeited Share' A forfeited share is a share in a company that the owner loses (forfeits) by failing to meet the purchase requirements. A forfeited share is a share in a company that the owner loses (forfeits) by failing to meet the purchase requirements. Requirements may include paying an allotment or call money owed, or avoiding selling or transferring shares during a restricted period.
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- A proxy agreement is designed to allow an individual to act on behalf of another individual or company in a legal matter. This type of agreement is commonly used in a corporate stock voting session.he document gives the written authority for the proxy to serve in the individual's interests and contains the terms of agreement. The document will specify the parties that are part of the agreement, plus the rights and responsibilities the proxy is able to undertake on behalf of the individual.
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- A certified agreement is a written collective employment agreement that sets out the wages and working conditions for a particular group of employees. The group of employees may be the whole of a government department or local government council that is somehow separate and distinct.ll agreements certified as of March 2006, may be viewed by clicking on the title of the Agreement to download the full certified agreement with certificate from either the Public Sector Agreements link or the Local Government Agreements link.
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how long does it usualy take to close on a hud homes after you win the bid? It would depend on what type of loan you are doing. If you are doing a regular FHA loan, it should close in about 3 weeks. If you are going the HUD $100 down rout they seem to take a bit longer. Keep in mind that even when the financing is in place HUD/Pemco usually required 5 days to review the final numbers.f you are doing a regular FHA loan, it should close in about 3 weeks. If you are going the HUD $100 down rout they seem to take a bit longer.
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Subordination agreement A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another. It is generally used to grant first lien status to a lienholder who would otherwise be secondary to another party, with the approval of the party that would otherwise have first lien.
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What is a 'Lock-Up Agreement' What is a 'Lock-Up Agreement'. A lock-up agreement is a legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time.
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A Nondisclosure Agreement A Nondisclosure Agreement. Generally speaking, nondisclosure agreements are contracts in which a party (normally an employee) promises to protect the confidentiality of a secret that is disclosed to him or her during the course of their employment, or during another business transaction.
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offtake agreement An agreement entered between a producer and a buyer to buy/sell a certain amount of the future production.It is generally negotiated long before the construction of a facility to guarantee a market for the facility's future production and improve chances of getting financing for the installation concerned.t is generally negotiated long before the construction of a facility to guarantee a market for the facility's future production and improve chances of getting financing for the installation concerned.
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- A recognition agreement is a document signed by the Staff Association or Union and the Executive Head of the organization, by which the Executive Head recognizes the association or union, under the provisions of the relevant Staff Regulation, as the representative of staff members of that organization, and that, except as indicated otherwise, any ...
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- A purchase agreement is a written agreement between two or more parties to buy and sell something. You generally use one when you buy or sell something for more than $500. Usually purchase agreements are for the sale of goods, but you can use them for other transactions.
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- A buy–sell agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business. buy–sell agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.
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Bond Purchase Agreement Bond Purchase Agreement. The Bond Purchase Agreement is made between two parties; one of whom is the “Underwriter” or the Purchaser of the bonds and the other is the Issuer of the Bonds. This agreement constitutes the purchase price of the bonds, defines terms like indenture and rebate agreement, resolution amendments, and the execution and delivery of the agreement.
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acceptance Agreements: Granting of an unqualified consent (whether express or implied) to the terms of a contract by the involved parties. When an offer is received, it is either accepted or countered (with a counter offer). A counter offer obligates the other party to accept it or respond with its own counter offer. Accepting an offer (or a counter offer) creates a binding contract.
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- An off-market bid usually has conditions attached to it. These conditions allow the bidder to withdraw its bid if it does not get exactly what it wants. One of the most common conditions is for 90% shareholder acceptance.
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What is LICENSING AGREEMENT? Definition of LICENSING AGREEMENT: Written contract between the owner/licensor of a patent, copyright, trademark, know-how, service mark, or other intellectual property, and a licensee to use, make, or sell copies of the original. Franchisers promote sales of goods and services through licensing agreements. Commercialization of a technology is a major purpose for licensing agreements. These contracts typically (1) limit the licensee's scope or field, (2) make the license exclusive or nonexclusive, (3) demands royalties or other compensation if further licensing occurs by the licensee.
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Essential things to know when cashing old checks The statute says you're not required to clear an item. It doesn't mean you won't, says Rob Delaney, president and CEO of Gold Coast Federal Credit Union in West Palm Beach, Florida. He says Gold Coast typically doesn't accept a personal check dated more than 6 months ago, but there's wiggle room.
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End User Access and License Agreement End User Access and License Agreement. This End User Access and License Agreement (“EUALA”) is an agreement between you and Image Space Incorporated (“ISI” or “we” or “us”) in relation to ISI’s racing simulation rFactor and rFactor2 (the “Product”) and its associated services.
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Retainer agreement Retainer agreement. A retainer agreement is a work for hire contract. It falls between a one-time contract and full-time employment. Its distinguishing feature is that the employer pays in advance for work to be specified later. Additional contracts regarding the performance of this work may also apply.
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Glossary: Logistics and Supply Chain Management DEFINITION of 'Licensing Agreement'. This term refers to a written agreement entered into by the contractual owner of a property or activity giving permission to another to use that property or engage in an activity in relation to that property.The property involved in a licensing agreement can be real, personal or intellectual.his term refers to a written agreement entered into by the contractual owner of a property or activity giving permission to another to use that property or engage in an activity in relation to that property. The property involved in a licensing agreement can be real, personal or intellectual.
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- A certified agreement will also cover employees who commence employment after the agreement is made. A certified agreement can 'stand alone' by setting out all conditions and provisions of employment thereby effectively replacing the relevant award or it can operate in conjunction with the relevant award.ll agreements certified as of March 2006, may be viewed by clicking on the title of the Agreement to download the full certified agreement with certificate from either the Public Sector Agreements link or the Local Government Agreements link.
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When to use a lease, license, or easement License. A license gives the permission of the owner to an individual or an entity to use real property for a specific purpose. Unlike a lease, it does not transfer an interest in the real property. It is personal to the licensee and any attempt to transfer the license terminates it. It is (usually) revocable and can be either exclusive or non- exclusive. A facility use agreement (FUA) is a short form license for very limited use of a facility.
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- DEFINITION of 'Subscription Agreement'. An application by an investor to join a limited partnership. In most cases, the investor will have to fill out a form created by the general partner evaluating the investor's suitability for the investment in the partnership.Next Up.EFINITION of 'Subscription Agreement'. An application by an investor to join a limited partnership. In most cases, the investor will have to fill out a form created by the general partner evaluating the investor's suitability for the investment in the partnership. Next Up.
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acceptance Agreements: Granting of an unqualified consent (whether express or implied) to the terms of a contract by the involved parties. When an offer is received, it is either accepted or countered (with a counter offer). A counter offer obligates the other party to accept it or respond with its own counter offer. Accepting an offer (or a counter offer) creates a binding contract. Sometimes, the term 'subject to contract' is used in offers or acceptances to indicate that the parties intend to be bound only under a formal contract when it is prepared and signed (executed).
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- A property rental agreement is an agreement signed by the tenant and the landlord providing property use on a month-to-month basis. A tenant is the person or corporation using the space, either for residence or business, and the landlord is the person or corporation who owns the space.
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- Document Description. A Joint Venture Agreement is a contract between two or more parties--which can be made up of individuals, sole proprietors, corporations or other types of businesses--to assume a project or business activity together.