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LEASING AND RENTING OF PROPERTY IN KENYA at 19 Dec 2011 19:38:52
December 19, 2011 16:38
LEASING AND RENTING OF PROPERTY IN KENYA Definition Leasing or renting are processes by which a business can obtain temporary use of a certain fixed or movable assets, and in return, make a series of payments(rent) to the owner of the asset(s). Leasing is done under a lease agreement, while renting is done under a rental agreement. Under both lease and rental agreements, the receiver of the assets is known as a lessee/tenant, while the owner of the asset(s) is known as the lessor/landlord. Rental and lease agreements are contracts between a landlord and a tenant giving rights and responsibilities to both parties, that is, the tenant's right to have possession of property and the landlord’s right to receive an agreed rent after an agreed period. The Law of ...
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BUYING, FRANCHISING, LICENSING OR SELLING YOUR BUSINESS IN KENYA at 19 Dec 2011 19:29:35
December 19, 2011 16:29
BUYING A BUSINESS A prospective business person can either start a new business or buy an existing one. If he chooses to purchase an existing business, the following legal considerations will be relevant:- a) Due Diligence: The term "due diligence" refers to a process by which a prospective buyer conducts investigations, or a "background check" on the business he/she wants to buy to make sure he/she has all the information that he/she needs before signing the Sale Agreement with the seller of the business. Conducting due diligence will help the buyer avoid purchasing a bus...
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BILLS OF LADING at 19 Dec 2011 19:27:43
December 19, 2011 16:27
BILLS OF LADING A bill of lading is a document issued by a carrier/ship owner or an agent of the ship owner, after and for goods shipped on board a vessel, to the person who causes them to be so shipped/shipper/seller. Bills of lading are significant in several respects: They identify the shipper, carrier and owner of goods subject to the carriage by sea; and They provide evidence of the existence of a contract of carriage since they contain the terms of carriage as agreed to by the parties; and Act as documents of title for goods shipped, and thus when they change hands, the title to the goods passes with them; and They help in identifying whether and when any damage has been done to goods; and They act as evidence of receipt of the goods by the ship owner...
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