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In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.
Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
The Agreement for Bringing Peace to Afghanistan, commonly known as the United States–Taliban deal or the Doha Accord, [1] was a peace agreement signed by the United States and the Taliban on 29 February 2020 in Doha, Qatar, to bring an end to the 2001–2021 war in Afghanistan.
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Switzerland's authorities said the US withdrawal does not change their position and respect for the accord. [96] In January 2020, the Swiss Humanitarian Trade Arrangement (SHTA) was implemented, assuring export guarantees through Swiss financial institutions for shipments of food and medical products to Iran.
In a televised announcement from the White House Rose Garden on June 1, 2017, Trump said, "In order to fulfill my solemn duty to protect the United States and its citizens, the United States will withdraw from the Paris climate accord," adding "The bottom line is that the Paris accord is very unfair at the highest level to the United States."
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).