Difference Between

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... 

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... 

Constitution vs Bylaws Constitution and Bylaws are two terms or words that are often confused as words that denote the same meaning. Strictly speaking, they are two different words with different meanings. The word ‘constitution’ refers to a kind of document that is created on behalf of a group of people... 

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... 

Liquidated Damages vs Penalty These days it has become common to includ terms like liquidated damages and penalty in contracts beforehand to avoid possible losses in case of breach of contract by a party. Though, payment of a sum of money may be stipulated in a contract, the payment of money is actually decided... 

Liquidated Damages vs Damages Damages and liquidated damages are legal terms that are often encountered when signing a contract with another party, irrespective of profession. Damages are sums of money that are mentioned in the contract, and are required to be paid to the victim in case of breach of contract... 

MOA vs AOA MOA and AOA stand for memorandum of association and articles of association respectively and are important source of information for shareholders and other stakeholders in a company that has been duly incorporated. These are documents that are necessary at the time of formation of a company and must be... 

Indemnity vs Guarantee Indemnity and guarantee are two important ways to safeguard ones interests when entering into a contract. There are many similarities between the two concepts though they differ a lot also. This article will highlight the differences between Indemnity and guarantee to enable readers to choose...