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

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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Basic of excel, documents review

Q1. Basic Introduction
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Q2. About the company
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Q3. Understanding of the role
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