Pramata Knowledge Solutions Interview Questions and Answers

Q1. Limited Liability
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Q2. Extraction in contract law
Ans. 
Extraction in contract law refers to the process of determining the essential terms of a contract.
• Extraction involves identifying the key elements of a contract, such as parties involved, obligations, and consideration.

• It helps in understanding the rights and responsibilities of each party in the contract.

• Extraction is important for interpreting and enforcing contracts in case of disputes.

• Examples of extracted terms in...read more
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Q1. DSA - spiral matrix
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Q1. Be Confident and Answer all questions honestly. Don't panic and take your time to Answer.
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Q2. Basic Questions Question related to my previous work Experience and Education.
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Q3. Location Specification
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Q4. Notice period specification
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Q5. Do I own a Laptop
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Online Test.

General Contract Law Provision.

Term Classification of Contract

Sale Order assessment

Q1. What kind of Docs you have dealt with in your previous Job ?
Ans. 
I have dealt with various types of legal documents in my previous job.
• Contracts and agreements

• Non-disclosure agreements

• Purchase orders

• Service level agreements

• Amendments and addendums

• Termination letters

• Legal notices

• Letters of intent

• Bid proposals

• RFPs and RFQs
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Q2. What is Consideration
Ans. 
Consideration is something of value exchanged between parties in a contract.
• Consideration is an essential element of a contract

• It can be in the form of money, goods, services, or a promise to do something

• Both parties must receive consideration for the contract to be valid

• Consideration must be legal and not against public policy

• Example: paying for a product or service, promising to perform a task in exchange for payment
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Q3. What is limitation of liability
Ans. 
Limitation of liability refers to the maximum amount of damages a party can be held liable for in a contract.
• It is a clause in a contract that limits the amount of damages a party can be held liable for in case of breach of contract or other legal claims.

• It is often used to protect businesses from excessive damages that could bankrupt them.

• The limitation of liability clause can be negotiated between the parties involve...read more
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Q4. How a contract can be terminated
Ans. 
A contract can be terminated by mutual agreement, breach, frustration, or operation of law.
• Mutual agreement: both parties agree to end the contract

• Breach: one party fails to fulfill their obligations

• Frustration: unforeseen events make it impossible to fulfill the contract

• Operation of law: changes in law or regulations make the contract illegal or impossible to perform

• Termination clauses: some contracts may have specifi
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Q5. Describe MSA and SOW
Ans. 
MSA stands for Master Service Agreement and SOW stands for Statement of Work.
• MSA is a contract that outlines the terms and conditions of a long-term business relationship between two parties.

• SOW is a document that outlines the specific tasks, deliverables, and timelines for a project within the scope of the MSA.

• MSA is a broad agreement that covers the overall business relationship, while SOW is a more detailed document...read more
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Application questions on legal aspects

Q1. Questions on contract law and mostly the contract clause.
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Q2. Application based questions were asked. Mostly from special contracts topics.
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There were questions and after passing that test we have another round

Q1. What is contract
Ans. 
A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship.
• Contracts can be written or verbal, but written contracts are generally preferred for clarity and enforceability.

• Key components of a contract include offer, acceptance, consideration, legality, capacity, and intention to create legal relations.

• Examples of contracts include employment agreem
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Q2. What is Indemnity
Ans. 
Indemnity is a legal obligation to compensate for harm or loss incurred by another party.
• Indemnity is a contractual agreement where one party agrees to compensate the other party for specified losses or damages.

• It is commonly used in contracts to protect one party from financial loss due to the actions of the other party.

• Examples include insurance policies where the insurer agrees to indemnify the policyholder for cove...read more
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Q1. Weakness and strength
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Q2. Why you did IPR
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Q1. Discussion of salary
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Q2. What is role of pramata
Ans. 
Pramata is a software platform that helps companies manage and optimize their commercial relationships and contracts.
• Pramata provides insights into contract data to help companies make informed decisions

• It helps companies track and manage contract obligations and deadlines

• The platform can also identify revenue leakage and opportunities for revenue growth

• Pramata can be used to streamline contract management processes an
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The Aptitude Test Consisted of 10 logical and Reasoning Questions and 6 Subjective Questions

Q1. Tell Me Something about yourself?
Ans. 
I am a detail-oriented and analytical individual with a strong passion for data analysis and problem-solving.
• I have a Bachelor's degree in Statistics and have completed several courses in data analysis and programming.

• I have experience working with various data analysis tools such as Excel, SQL, and Python.

• I have successfully completed multiple data analysis projects, including analyzing customer behavior patterns and ...read more
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Q2. Tell me Something about Your Family?
Ans. 
My family is a close-knit unit that values love, support, and togetherness.
• We have a total of 5 members in our family.

• My parents have been happily married for 25 years.

• I have an older brother who is currently studying engineering.

• We enjoy spending quality time together, such as going on vacations or having family game nights.

• We often have family gatherings during special occasions, where we cook and share delicious mea...read more
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