Clean drawing in the Collateral Agreement in a few clicks

Aug 6th, 2022
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How to clean drawing in the Collateral Agreement

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[Music] hey everybody scott flanders here welcome to another lesson from the character design monster lab if youve been following along youve seen me go through all of the initial phases of design work to create several pages of sketches and exploring our ideas now that weve got all of these sheets of sketches its time to go digital well start off with cleaning up the scans of our pencil work now i know its not the sexiest topic but it is very important information that we just dont see too much of out there so join me as we learn how to make your sketchbook drawings look way better than what i see from students most of the time in the premium course youll get even more insight into my design choices along with tips for how to better your own design work ill also show you some tricks for introducing color to your pages of sketches if youd like to see the full process or submit your own concepts for critique you can follow along proco.com monster lab okay now on to the lesson

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The extrinsic agreement must, in form, be a collateral one. This means that the extrinsic agreement must not be distinct and independent from the original written agreement.
A collateral contract is a contract to enter into an future contract. Part of the consideration for the collateral contract is the promise to enter into the second contract. This is similar to a conditional contract whereby the consideration for one party is conditioned on the other party doing something.
The collateral-contract doctrine is a rule that says if there is a disagreement about a written contract, evidence of a second agreement (usually spoken) can be used in court if it doesnt contradict the written contract and if the information in the spoken agreement wouldnt normally be included in the written
Examples of collateral documents are a security agreement, guarantee and collateral agreement, pledge agreement, deposit account control agreement, securities account control agreement, mortgage, and UCC-1s.
For a collateral contract to exist, it must be consistent with the main contract, be promissory and contain all the elements of a contract. Additionally, the parties must not have intended it to be part of the main contract and you must give consideration for the promise.
Elements of a Collateral Contract the statement or document must have been promissory; the parties did not intend for the statement or document to be part of the main contract; the statement or document must be consistent with the main contract; you must provide consideration for the promise; and.
For example, companies X and Y enter a construction contract with X as the client and Y as the builder. Y then enters a collateral contract with Z, a materials supplier. If the materials are found defective, X may be able to sue Z even though they do not have a contract with one another.

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