Arvind Fashions Executive Legal Officer Interview Questions and Answers

Boilerplate clauses in service agreements include indemnification, termination, governing law, and dispute resolution.

• Indemnification clause specifies who will be responsible for any damages or losses incurred during the service.

• Termination clause outlines the conditions under which the agreement can be terminated by either party.

• Governing law clause determines which state's laws will govern the agreement.

• Dispute resol...read more

Termination by convenience is voluntary, while termination for material breach is due to a violation of contract terms.

• Termination by convenience is initiated by the party who wishes to end the contract without any fault on the other party's part.

• Termination for material breach is due to a violation of contract terms by one of the parties.

• Termination by convenience is usually allowed in contracts to provide flexibility...read more