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A settlement hierarchy is a way of arranging settlements into a hierarchy based upon their size. The term is used by landscape historians and in the National Curriculum [ 1] for England. The term is also used in the planning system for the UK and for some other countries such as Ireland, India, and Switzerland.
A demand letter, letter of demand, [ 1] (of payment), or letter before claim, [ 2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong. Although demand letters are not legally required ...
A settlement offer or offer to settle is an offer to resolve an outstanding issue or account. This may involve a statutory offer to compromise in a civil lawsuit . In either case, it involves communication from one party to the other suggesting a settlement , or an agreement to fully and finally resolve the outstanding issue, account, or dispute.
That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.
Compromise agreement. In the United Kingdom, a compromise agreement[ 1] is a specific type of contract, regulated by statute, between an employer and its employee (or ex-employee) under which the employee receives consideration, often a negotiated financial sum, in exchange for agreeing that he or she will have no further claim against the ...
Image Credits: TechCrunch. Crypto lending platform BlockFi will pay the U.S. Securities and Exchange Commission (SEC) $100 million in a settlement over claims that the company violated securities ...
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