Legal Process Associate
Legal Process Associate Interview Questions and Answers
Q1. what is evergreen clause
An evergreen clause is a contract provision that automatically renews the agreement at the end of the term unless one party gives notice to terminate.
Automatically renews the contract at the end of the term
Requires one party to give notice to terminate
Common in subscription services and rental agreements
Q2. what is contract
A contract is a legally binding agreement between two or more parties.
A contract must have an offer, acceptance, consideration, legal capacity, and legal purpose.
Contracts can be written or oral, but written contracts are generally more enforceable.
Examples of contracts include rental agreements, employment contracts, and sales contracts.
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