Profession Specific Contracts

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Commonly Asked Questions about Profession Specific Contracts

What are the four types of contracts?

Contract Types Comparison Party 1 offers Bilateral Services or goods that are of value to the other party Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything9 more rows Jan 26, 2022

What are professional services contracts?

A PSA is a legally binding contract between two parties. Its a type of consulting agreement wherein an independent contractor helps a business to achieve a defined goal. A PSA allows for the boundaries of the professional relationship between a client and service provider to be clearly defined.

What do you mean by special contract?

Special contract means any contract for Services entered into between the Company and a Customer that provides for rates, terms or conditions of service that vary from those set forth in the Companys tariffs, Rate Schedules or Service Regulations.

What do you mean by specific contract?

Contracts which have certain specific features are known as specific contract. These types of contracts are distinct from other contracts. The Indian Contract Act, 1872 contains certain specific contracts such as bailment, pledge, indemnity, guarantee, agency etc. All of the mentioned contracts are discussed ahead.

What is an example of a specialty contract?

Another example of a specialty contract is a lease agreement. A landlord and tenant may enter into a specialty contract that outlines the terms of the lease, including the rent amount, the length of the lease, and any restrictions on the use of the property.

What are professional contracts?

Professional contracts, also known as professional services contracts or personal services contracts, are agreements entered into by organizations and their contractors to provide specialized services, normally for a short time.