Pramata Knowledge Solutions Contracts Analyst Interview Questions, Process, and Tips

Q1. Don't want to disclose
Add your answer

Q1. Don't want to disclose
Add your answer

Q1. Don't want to disclose
Add your answer

Q1. Limited Liability
Add your answer
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
Answered by AI
Add your answer

Q1. Be Confident and Answer all questions honestly. Don't panic and take your time to Answer.
Add your answer
Q2. Basic Questions Question related to my previous work Experience and Education.
Add your answer
Q3. Location Specification
Add your answer
Q4. Notice period specification
Add your answer
Q5. Do I own a Laptop
Add your answer

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
Answered by AI
Add your answer
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
Answered by AI
Add your answer
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
Answered by AI
Add your answer
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
Answered by AI
Add your answer
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
Answered by AI
Add your answer

Application questions on legal aspects

Q1. Questions on contract law and mostly the contract clause.
Add your answer
Q2. Application based questions were asked. Mostly from special contracts topics.
Add your answer