Difference Between Bilateral and Multilateral Trade Agreements

Bilateral vs Multilateral Trade Agreements

Bilateral vs Multilateral Trade Agreements   Bilateral and Multilateral Trade Agreements are not uncommon terms, and that makes it easier to determine the difference between them. Indeed, although most of us might not be aware of their precise definition, we have a general idea as to their meaning. In simple terms, Bilateral refers to something […]

Difference Between Provisional and Non-Provisional Patent

Difference Between Provisional and Non-Provisional Patent

Provisional vs Non-Provisional Patent   Knowing the difference between provisional and non-provisional patent, the two types of patent, is helpful to those who are planning to apply for patent for their creation. Patent is a form of protection provided for an invention or creation. Patents are a set of rights that is granted to the inventor […]

Difference Between MOU and MOA

MOU vs MOA   MOA and MOU are both terms that can be termed as umbrella agreements often used in an organization’s activities when in conjunction with another entity. Although sometimes used interchangeably, MOA and MOU are two different agreements that stand for different things. What is MOA? MOA or Memorandum of Agreement is a […]

Difference Between Lessor and Lessee

Lessor vs Lessee   A business owner who requires a specific asset has two options to obtain the asset; he can either purchase it or lease the asset. Leasing an asset can be more economical than purchasing it, as a lease is like renting an asset and using it over the period of time that […]

Difference Between Negotiation and Arbitration

Negotiation vs Arbitration   Since ages, there have been different means of dispute resolution to mitigate chances of loss to parties involved. War between kingdoms and tribes was often avoided using these means of dispute resolution. Down the ages, these alternative dispute resolution mechanisms are being employed in different settings and contexts, to minimize losses […]

Difference Between Assignment and Delegation

Assignment vs Delegation   Contracts law has many important concepts. Two complimentary concepts in these are delegation and assignment. A very thin line divides assignment and delegation. This article attempts to highlight the differences between assignment and delegation by discussing the features of both. Assignment In any contract, there are rights held by a party. […]

Difference Between Novation and Assignment

Novation vs Assignment In businesses and commercial activities, contracts and agreements hold great significance, especially in these times of mergers and acquisitions, and change in partnerships in between projects. It is thus, prudent to know the differences between Novation and assignment to safeguard one’s financial interests when entering into a contract or agreement with another […]