Month: March 2022

An agent is a person employed to do any act for another or to represent another in dealings with third persons. The person for whom such is done, or who is represented, is called the principal‖. The contract which creates Read More …

Outsourcing most commonly known as off-shoring has pros and cons to it. Most of the time, the advantages of outsourcing overshadow the disadvantages of outsourcing. The Advantages of Outsourcing Swiftness and Expertise: Most of the times tasks are outsourced to Read More …

Outsourcing is an arrangement in which one company provides services for another company that could also be or usually have been provided in-house. Outsourcing is an allocation of specific business processes to a specialist external service provider. Outsourcing is a Read More …

Subcontracting is the practice of assigning part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting is especially prevalent in areas where complex projects are the norm, such as construction and information technology. Read More …

A contract in which one party (lessor) permits to use the asset for a specified period of time to another party (lessee) in exchange for periodic payments for a specified time is known as Leasing. At regular intervals, the lessee Read More …

Hiring is an agreement, in which the hire vendor transfers an asset to the hire purchaser, for consideration. The consideration is in the form of Hire Purchase Price (HPP) which includes cash down payment and installments. The hire purchase price Read More …