BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Waiver means the abandonment of a right. A party to a contract may relinquish (waive) his rights under the contract. Thereupon the other party is released from his obligations. For example, waiver of farmer’s loan by bank.

Detailed explanation-2: -A waiver of breach of contract can be used to waive your rights to sue a party who has broken a contract. Waivers can be granted in many forms, and will only apply to the specific breach, not the entire contract.

Detailed explanation-3: -The waiver by either party of a breach of any provision of this Agreement by the other shall not operate or be construed as a waiver of any subsequent breach by such party. No waiver shall be valid unless in writing and signed by an authorized officer of the Company or Consultant.

Detailed explanation-4: -The discharge of a contract occurs when both parties are refused to perform the obligations can be referred to as discharge by performance.

Detailed explanation-5: -Assignment is a legal term whereby an individual, the “assignor, ” transfers rights, property, or other benefits to another known as the “assignee.” This concept is used in both contract and property law. The term can refer to either the act of transfer or the rights/property/benefits being transferred.