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I applied via Referral and was interviewed in Jun 2021. There were 7 interview rounds.
Contract management refers to the process of creating, executing, and monitoring contracts to ensure compliance and mitigate risks.
Involves drafting and negotiating contracts
Ensuring compliance with contractual obligations
Monitoring contract performance and making necessary adjustments
Managing contract-related risks and disputes
May involve the use of contract management software
Examples include procurement contracts, e
MSA agreements are contracts between two parties that outline the terms and conditions of a long-term business relationship.
MSA stands for Master Service Agreement
It is a legal document that establishes the terms and conditions of a long-term business relationship between two parties
It outlines the scope of work, payment terms, intellectual property rights, confidentiality, and other important details
MSA agreements are...
Limitation Act is a law that sets a time limit for filing a legal claim.
Limitation Act applies to civil cases and sets a time limit for filing a claim.
The time limit varies depending on the type of claim and the jurisdiction.
For example, in India, the Limitation Act sets a time limit of 3 years for filing a claim for breach of contract.
If the time limit expires, the claimant loses the right to file the claim.
The purpos...
Force majeure is a legal concept that allows parties to be excused from performing their contractual obligations due to unforeseeable events beyond their control.
It is a clause in a contract that outlines the unforeseeable events that would excuse a party from performing their obligations.
Examples of force majeure events include natural disasters, war, strikes, and government actions.
Force majeure is not automatically ...
A valid contract is a legally binding agreement between two or more parties that meets certain requirements.
It must have an offer and acceptance
There must be consideration exchanged
The parties must have legal capacity to enter into the contract
The terms of the contract must be clear and definite
The contract must not be against public policy or illegal
Examples include employment contracts, rental agreements, and sales c
A contract can be terminated through mutual agreement, breach, frustration, or operation of law.
Termination by mutual agreement requires both parties to agree to end the contract.
Termination by breach occurs when one party fails to fulfill their obligations under the contract.
Termination by frustration occurs when unforeseen events make it impossible to fulfill the contract.
Termination by operation of law occurs when a...
Limitation liability refers to the legal concept that limits the amount of damages a party can be held liable for.
It sets a maximum amount of damages that can be awarded in a lawsuit.
It is often included in contracts to protect parties from excessive damages.
It can vary depending on the type of case and jurisdiction.
For example, in some states, there may be a cap on the amount of damages that can be awarded in medical ...
Essential elements of a contract include offer, acceptance, consideration, capacity, and legality.
Offer: a proposal made by one party to another
Acceptance: agreement to the terms of the offer
Consideration: something of value exchanged between the parties
Capacity: legal ability to enter into a contract
Legality: the contract must not violate any laws or public policy
I appeared for an interview before Jun 2016.
I applied via Walk-in
Yes, Heathrow airport should go ahead with adding a 5th terminal.
Heathrow is one of the busiest airports in the world and needs to expand to accommodate increasing demand.
A 5th terminal would provide more capacity for airlines and passengers, reducing congestion and improving the overall experience.
The construction of the terminal would also create jobs and boost the local economy.
However, careful planning and consider...
I applied via Referral
I applied via Walk-in
A new terminal at an airport is required to accommodate increasing passenger traffic and improve overall airport experience.
Current terminal may be overcrowded and unable to handle the volume of passengers
New terminal can provide additional gates, lounges, and amenities for passengers
Improved airport experience can attract more airlines and increase revenue
New terminal can also incorporate modern technology and sustain...
I applied via Walk-in
The demand for broadband connections is expected to increase significantly in the next 5 years.
The rise of remote work and online education will drive the demand for broadband connections.
The increasing popularity of streaming services and online gaming will also contribute to the demand.
The development of new technologies such as 5G and IoT will require faster and more reliable internet connections.
The COVID-19 pandem...
Advise an aluminium manufacturer on entering the multiplex business.
Conduct market research to identify potential locations and target audience.
Develop a solid business plan with a clear understanding of the costs and revenue streams.
Invest in high-quality equipment and amenities to provide a superior movie-going experience.
Establish partnerships with distributors and studios to secure a diverse range of films.
Consider...
It depends on various factors such as market conditions, financial stability, and strategic goals.
Consider the market share of both companies
Analyze the financial stability of both companies
Evaluate the strategic goals of both companies
Assess the potential benefits and risks of the acquisition
Look at the regulatory environment
Consider the cultural fit between the two companies
My biggest failure was not meeting a project deadline due to poor time management.
Poor time management led to missed deadlines
Lack of communication with team members
Learned to prioritize tasks and communicate better
based on 3 interviews
Interview experience
based on 8 reviews
Rating in categories
Senior Associate
496
salaries
| ₹2.2 L/yr - ₹6.3 L/yr |
Associate
322
salaries
| ₹1.8 L/yr - ₹4 L/yr |
Executive
165
salaries
| ₹3.6 L/yr - ₹11.4 L/yr |
Assistant Manager
137
salaries
| ₹7.5 L/yr - ₹16.5 L/yr |
Senior Executive
104
salaries
| ₹4 L/yr - ₹13.5 L/yr |
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