Tenancy Agreement Stamping Calculator Malaysia

Stamp duty on a tenancy agreement must be paid by the tenant, while the copy must be paid by the landlord. Stamp duty on a rental agreement in Malaysia is calculated as follows: either the tenant or the lessor can instruct a lawyer to develop the tenancy agreement. Often, many cases of real estate rental companies would help homeowners prepare the agreement from a prepared model. If you design it yourself, ask your friends and colleagues, I`m sure some of them have it. The party wishing to terminate the lease may terminate the contract by giving the other party an official notice of its intention. Normally, there are two copies of the lease, one copy for the owners and one for the tenants. Both copies must be stamped by LHDN before moving to a new property. The Malaysia Inland Revenue Authority, also known as the “Lembaga Hasil Dalam Negeri Malaysia”, LHDN Malaysia is where you can pay your stamp duty and perhaps get stamps on your leases. speedhome.com/blog/tenancy-agreement-charges-in-malaysia/ Hiring a lawyer, however, can be costly. As a result, landlords may decide to design their contract and ask the tenant to accept it. In order for the lease to be legal and admissible in court, it must be stamped by LHDN. There are also administration fees that go to the real estate agency or the owner.

Two application forms, SDP 1 and PDS 49 (A), must be submitted to the nearest LHDN branch. Q: Who bears the costs of the procedure for the preparation of the lease? A formal lease is best prepared by a lawyer and must be stamped by Lembaga Hasil Dalam Negeri Malaysia (LHDN) or the Inland Revenue Board of Malaysia (IRB) to become a valid legal document. To this end, you must pay a stamp duty, administrative or legal fees. Please! Once the lease is signed and stamped, you may be on your way to earn extra income! Q: What compensation can I receive if the tenant resigns from my lease without notice? There is another additional benefit through a lease. This will be an accompanying document to prove that you have additional rental income. This extra income can help you get credit clearance for your next home purchase. Subject to the terms of renewal of the tenancy agreement, the lessor or tenant can renew the tenancy agreement under the same conditions.

Syndicated Loan Agreement Clauses

These clauses allow lenders to increase the interest rate charged to a borrower to reflect the actual cost of funds for those lenders. The LMA`s standard agreement on the union facility provides that libor and EURIBOR are established by reference to the current Reuters display rate. The screen game is derived from the quoted interest rates provided by a panel of 16 reference banks selected by the British Bankers Association and which should not be correlated to the relevant union. LibOR/EURIBOR is an average interest rate that may not accurately reflect the actual cost of a lender. 2) the strength of the borrower`s financial outlook and whether it is affected by the change in the interest rate under the loan agreement; and almost every day, we see the birth of several innovative new projects worth billions of dollars. Many often think about the origins of these investments. Banks play a crucial role in lending to customers, from businesses to large projects and even governments. However, there are cases where the level of financing required is very excessive and, in such cases, two or more lenders may combine funds to cover the total loan. Syndicated loans, also known as Syndicated Bank Facilities, are debts issued by a group of lenders to a single borrower. In short, it is convenient to provide a loan from a group of lenders – known as a syndicate – for financing a single borrower.

The investment can be made for a fixed amount, a line of credit or a combination of the two. In a syndicated loan, lenders are generally large banks, although financial institutions such as investment funds and insurance companies sometimes also occupy these roles. Only one lender is appointed as head of pen, and he is responsible for organizing the union group. They also have other missions that go beyond financing a substantial portion of the loan, as the lead agency is also responsible for facilitating and allocating cash flow to other lenders. In the event of recourse to a provision for market default, LIBOR/EURIBOR will no longer be part of the interest calculation and the interest rate will be calculated on the lender-by-lender basis, as the interest rate that each lender has communicated to the facility agent as the cost of financing its participation in the loan (regardless of source) being used at the same time as the applicable margin and mandatory costs. In a union contract, there are usually two types of agreements: the same unions will include different types of credits, such as fixed-rate loans, revolving credits and an L/C standby line depending on the requirements of buyers. In the meantime, the recipient can choose the monetary portfolio necessary to meet his or her needs. The primary purpose of a syndicated loan is to spread the risk that would normally be for an individual borrower. Since the value of these forms of investment far exceeds ordinary loans, there is a risk that a default by the borrower could have a disastrous effect on a single lender. However, well-informed borrowers will have changed the standard term of the Loan Market Association (“LMA”) to make it clear that the market disruption clause can only be invoked if a bank is unable to finance all or part of a loan requested due to “circumstances affecting the interbank market in general.” This expressly prevents the borrower from paying for a lender`s credit default. Despite the British Banking Association`s proposal, the future application of market disruption clauses is unclear.

Furthermore, it is worrying that, under current market conditions, the screen rates displayed by the liBOR and EURIBOR panels for the calculation of the screen rates displayed for LIBOR and EURIBOR are not always a real reflection of the cost of these banks.

Subject Verb Agreement Exercises With Answers For Grade 6

Question 3. Circle the correct verb in each of the sentences below. (b) Only one subject is sometimes confused as a plural, for example. B when it starts with (one of the nis, neither, etc.). Remember that they should be considered singular. Every one of you is wrong. None of them work here. A teacher teaches English. Rule 3: The verb in either or, by or by a sentence, is closest to the name or pronoun. Examples of action verbs: Action verbs express certain actions and are used whenever you want to show the action or discuss someone doing something. Transitive verbs: Transitive verbs are action verbs that always express dual activities.

These verbs always have direct objects, which means that someone or something receives the action of the verb. Intransitive verbs: Intransitive verbs are action verbs that always express dual activities. No direct object follows an intransitative verb. Auxiliary verbs: Auxiliary verbs are also called helping verbs and used with a main verb to display the form of the verb or to form a question or a negative. Stative verbs: Very verbs can be recognized because they express a state and not an action. They generally refer to thoughts, emotions, relationships, senses, states of being and measures. Modal verbs: Modal verbs are auxiliary verbs that are used to express skills, possibilities, permissions and obligations. Phrasic verbs: Phrasal verbs are not unique words; Instead, these are combinations of words that are used together to have a different meaning from the original verb. Irregular verbs: Irregular verbs are those that do not accept the usual spelling patterns of simple and past participatory verbs. Regular verbs: If a verb is normal, the past simply ends and the past participates in -ed; ace: What and Were The verbs were and were also forms of verb.

What is the simple past of tender and is. The use was with the pronouns I, him, her and her, and with singu-lar Substantive. What is the simple past sen. The use were with the pronouns you, us and them, and with plural nouns. (ii) Can, must, can and must and auxiliaries do not have “s” in singular or plural. What the Lord will ask, the servant will do. The servants will do what they ask. If `will is a full verb that means desire, it follows the rule for most other verbs and accepts `-s`-if the subject is a singular third person. No matter what God wants, man cannot change. The verbs that end with “y” and have a consonant before that `y` are added to the `y` in T and `-`if the subject is a singular third person. Ram`s counting on me.

He`s doing his best. He`s flying a kite. Question two. Fill out the sentences below with an appropriate help form. (i) You drive continuously for hours. You are very tired. (a) must b) (c) Article 4: as a general rule, use a pluralistic protocol with two or more subjects when they are related. Example: 8. Man with all birds (live, live) on my way. Inserts the correct form of the contemporary form of verbs in spaces in the following sentences: 1. A good dictionary …………..

A lot of things. (costs) 2. These five chairs………… A thousand rupees. (costs) 3. Ten kilometers……….. A long walk. (be) 4. Sita……….. Next to my house.

(live) 5. Bread and butter…………. Healthy food. (be) 6. One of these three boys……….. every year in his classroom. (situation) 7. My kite……….. very high in the sky. (Mouches) 8.

You………….. It`s dark. (see) 9. All students of this school…………. English. 10. My lawn ………….. very beautiful in the spring. (see) Answers 1.

Cost 2. Cost 3. is 4. lives 5. is 6. stands 7. Steal 8. Look 9.

learn 10. Use the current progressive tension to talk about the things you`ve planned or things that are going to happen in the future.

Standard Horse Loan Agreement

It is therefore essential to develop a loan agreement that is tailored to specific needs and should be signed before the start of the loan period. 1. Name, size, color, sex, microchip number and horse or pony age, so the purpose of the loan is clear. The prospect of lending a horse is exciting, but there are a number of important considerations, such as time commitment and finances, that need to be carefully rethought before choosing a loan. The decision to borrow a horse should not be taken lightly or hastyly, as it can be extremely annoying to have a horse that is unsuitable or dangerous. It can also leave the new borrower in a difficult situation. Another example is that the rental player requires that the horse be taken care of by a certain Farrier/veterinarian, where the horse has specific needs. 3. A simple statement that the owner is the rightful owner of the horse and has the right to authorize the horse`s loan. Coverage on the part of the horse called “horse” 4: _____détails on where the horse is to be kept.

The contract should stipulate that the owner is notified in advance before the horse is moved and has the power to check the new farm. This is just one of hundreds of reasons why it is important for a loan agreement to be concluded before the loan begins. The loan agreement should be written down and deal with each element of what has been agreed. It must be signed by both parties and to protect the lender must deal with the following:- The law requires that a passport remain with the horse. Therefore, the passport must be kept by the person who has the primary care of the horse, if not the owner. When a horse is loaned and moved to a new farm, the loan must have the original passport. Many homeowners feel uncomfortable doing so, but there are a number of steps you can take to protect yourself that include: There are always other issues that should be included in the agreement that are specific to each loan, and that is why the single standard loan form contract is not an ideal option if a loan contract together. 6. How long will the loan be and what will happen when the term of the loan ends? This standard contract for horse representation serves only to guide and legal advice is needed to ensure that each contract is legally binding.

Use the agreement to lead a discussion about what the agreement will be before you directly accept the loan. If you address the points covered by the agreement, you can judge whether the other party is someone you want to do business with and what concerns they might have. The loan of a horse can sometimes be even more important than selling or buying.

Social Security Agreement Between Us And Spain

This document discusses the strengths of the agreement and how it can help you work and apply for benefits. If the agent is required to contribute to social security in more than one country or to contribute a higher amount overall than if he has stayed in the country of origin, the employer must check whether he is paying these additional costs on behalf of the worker. Beyond the contribution dilemma, the employer must also decide how to manage the situation when the emigrant loses all entitlement to benefits because of the international allowance. All of these agreements are based on the concept of shared responsibility. Responsibility-sharing agreements are reciprocal. Under each agreement, partner countries make concessions to their social security qualification rules so that those covered by the agreement have access to payments that they may not be eligible for. The responsibility for social security is thus distributed among the countries in which a person has lived during his or her working years and where the person is able to obtain potential rights. In general, it is possible to access a pension from one country in the second country, although the paying country retains some discretion with regard to the exchange and delivery mechanisms used. In 2019, the United States and the French Republic recalled, through diplomatic communication, the agreement that the taxes of the French Confederation of Generalisee Contributions (CSG) and the Contribution to the Repayment of Sociate Debt (CRDS) are not social charges covered by the social security agreement between the two countries. As a result, the IRS will not challenge foreign tax credits for CSG and CRDS payments on the basis that the social security agreement applies to these taxes. If a worker is not entitled to benefits in his country of origin or in the host country because the deadlines are not met, a totalization agreement between the two countries can provide a solution. The agreement allows the worker to add up the time spent between the two sites and to recover social security benefits in one of the countries, provided that a minimum amount is reached in one or both countries.

If, for example, in the United States, the combined credits in both countries allow the worker to meet the eligibility requirements, a partial benefit may be paid on the basis of the proportion of the person`s total career in the paying country. Normally, people who are not U.S. citizens can receive U.S. Social Security benefits when they are outside the U.S., only if they meet certain requirements. However, according to the agreement, you can receive benefits as long as you reside in Spain, regardless of your nationality. If you are not an American or a Spanish citizen and you live in another country, you cannot receive benefits. The restrictions on U.S. services are explained in the social brochure Security – Your Payments While You Are Outside The United States (publication No. 05-10137). Spain and Portugal are covered by both a bilateral agreement and the Treaty of the Ibero-American Social Security Organization. The main condition for collecting social benefits in retirement is the contribution to a plan. In some cases, the recovery of pension benefits requires that the worker has contributed to the social security program and worked in that country for a period of time.

The Data Protection Act requires us to inform you that we are entitled to collect this information until Section 233 of the Social Security Act. Although it is not mandatory for you to provide the information to the Social Security Administration (SSA), a coverage certificate can only be issued if an application has been received.

Shorthold Tenancy Agreement Template 2019

A rental agreement cannot be a guaranteed short lease, though: We have partnered with Farillio to provide you with a free and secure short-term rental agreement – something that any owner should consider. Farillio has produced its documentation (including this free rental agreement) specifically for small entrepreneurs and freelancers. It helps you meet your legal obligations and provide solutions to your specific needs. However, a written rental agreement allows you to make certain arrangements, such as the way. B, when to check the rent or the circumstances in which you can withhold all or part of your tenant`s deposit. The introduction of the 2019 Rental Fees Act means that homeowners and their real estate agents can no longer charge fees for things like inventories and references. The lease model is a kind of lease form whereby the landlord and tenant enter into a contract. The model must record everything that tenants and landlords have agreed on the rental agreement. It is important to note that each lease must be written and a copy must be given to the tenant before the lease begins. There are many lease models that can be used by the landlord and tenant. These models can be downloaded online for free and tailored to your own situation. The most important thing is to ensure that the most important content is included in each rental contract model.

It is particularly relevant for use when the parties enter into a longer-term lease agreement of 2 years or more. It therefore contains provisions relating to rent revisions and those that allow the landlord or tenant to terminate the tenancy agreement for the duration of the term of the term if their circumstances change. A lease agreement is designed to protect the interests of both parties while ensuring that the property is preserved and maintained. The designation allows the tenant during the rent in a comfortable home, and the owner receives a well-maintained home after the end of the contract. Scotland has its own choice between rental deposit systems, as well as Northern Ireland. To start your lease on a solid legal basis, you need a current contract signed by all parties: landlords, tenants and guarantors. In the UK, most leases are Desserrais Courts-Tenancies (AST). If you don`t have a guaranteed short-term lease that you currently use for your property, you can download the model provided by Farillio.

If you plan to use the agreement, you will also see how to rent a guide. If you have any doubts about what you may or may not include in your guaranteed short-term lease, you should speak to your lawyer. If you want to add or remove parts of the lease, you need to work with a legal expert to do so. A lease agreement can be either for a specified period, i.e. it ends on a given date, or it can be periodic, which means that it runs from one week to the next or from month to month. We offer the lease free of charge as an introduction to our services. As part of the agreement, you have the option of obtaining a credit check for your customers. This is totally optional and you can create a free rental contract without getting a credit check.

Here you can download the openRents AST model for free. This is the rental agreement we use with our Rent Now owners. You can trust it because it is in effect in tens of thousands of rentals all over the UK. It contains the latest elements of UK housing law, so you can use it as a reference for your own AST.

Services Agreement Lawinsider

This Law Service Agreement regulates the use of BillPay`s service (the “Service”) and replaces all previous service agreements between you and Fidelity. By subscribing to the service, using the service or allowing someone else to use the service on your behalf, you agree to the terms and conditions, Tucows.com Co., a Nova Scotia Corporation with your main location in Toronto, Ontario, Canada (`Tucows`), some of the services defined below as “Tucows Services” and finished with Huawei. If you click the “I agree” button (or similar button) below this agreement, or if you access one of the services as part of this agreement or if you use it (“Effective Date”), you are considered fully understood and accepted. This master subscription contract (“contract”) is the agreement between Deepgram, Inc. (“Deepgram”) and the end customer and user (“customer”) of Deepgram software (as defined below). For a good and valuable consideration, the preservation and sufficiency of which were finally recognized, this agreement was concluded by and between the city of Oskaloosa Iowa, a municipal corporation of Iowa (hereafter called “city”) and Heslinga, Dixon-Hite (hereafter referred to as “Heslinga Law Firm”). Recommended measures: 1) adoption of Amendment No. 2 on the professional services agreement with the janitorial services of the budget for an amount of approximately USD 252,342.12 for urban services; 2) Allow the City Manager and City Attorney to make any necessary, non-monetary changes to the change; and 3) Allow the City Manager and City Clerk to make the change to the agreement. Your personal effects load is managed professionally during transit. However, there may be occasional incidents during the local move, where the loads are at both ends of origin and destination and/or by sea. As a carrier to arrange freight during transit, Great Way is excluded from your freight compensation process, unless your cargo is insured by the insurance company under an insurance contract with Great Way. Great Way would assiduously help you recover what has been lost through the damages lawsuit with the insurance company for the highest possible compensation. Please read carefully the following tips and terms of use for Great Way`s customer/shipper for sending personal effects before signing this contract.

CONSIDERING that the company is present in various commercial activities, including, but not limited to the provision of various products and services related to cryotherapy; The PRESENT CONTRAT OF MATER SERVICES (“MSA”) governs Netpros Inc.`s provision of IT infrastructure and related services (“Services”), as you have ordered or agreed to under the terms and conditions of this MSA, which includes terms and conditions, which includes Terms of Use, Service Level Agreement, Privacy Agreement, Netpros Acceptable Use Policy and relevant schedules in the version you have amended and provided here. BY CLICKING OR CLICKING ON THE BOX WITH THE MSA OR INSTALLATION OR SERVICES, YOU ARE THAT (1) YOU ACCEPT AND THE MSA IN ITS ENTIRETY, (AS AMENDED FROM TIME TO TIME AS PROVIDED IN HEREIN) (2) YOU HAVE THE LEGAL RIGHT AND AUTHORITY ON THE MSA ON THE AND (3) THIS MSA IS THE COMPLETE AGREEMENT FOR SERVICES.

Section 129 Of The Uruguay Round Agreements Act

For more information, please refer to the sections on the development of the draft document on the use of contacts in federal registry documents. On 27 April 2015, the Department informed interested parties that it was initiating proceedings under Section 129 of the URAA to implement the recommendations and decisions of the WTO Dispute Resolution Body (DSB) in DS437. [1] Given the number of investigations and the complexity of the issues related to this litigation, the Department considered each of the panel`s and DS437 appeals bodies through separate preliminary decision memorandums. In particular, the Department has reached provisional conclusions concerning: (1) export restrictions; [2] (2) countries; [3] (3) Public institutions and input specificity; [4] and (4) Advantage (market distortion). [5] As noted above, as noted above, as noted above, as noted on April 1, 2016 and May 26, 2016, in accordance with Sections 129 (b) (4) and 129 (c) (1) (1) (B) of the URAA, USTR, the department instructed the department to make these final findings. With respect to all investigations, with the exception of Magnesia Bricks and Seamless Pipe, the department will order the United States. Customs and border guards require, for each pending exporter/producer, a cash deposit for countervailing duties estimated at the appropriate rate for goods declarations; As of April 1, 2016, April 1, 2016 or April 1, 2016, which were introduced or removed from the warehouse for consumption, unless applicable cash deposit rates were replaced by intermediate or revised segments based on a review of the domestic litigation investigation. For Magnesia Bricks and Seamless Pipe, the department is determined that there are not enough bases to launch investigations into export restriction programs. The Department therefore intends to reduce all cash deposit rates in these two proceedings as of May 26, 2016.

As noted above, the Drill Pipe order and the corresponding cash deposits were withdrawn independently of this procedure, in accordance with Section 129. [18] This Notice on the Implementation of the Final Provisions under Section 129 is issued in accordance with Section 129 (c) (2) (A) of the URAA. April 1, 2016 and May 26, 2016, the Trade Representative (USTR) instructed the Ministry of Commerce (the Ministry) to implement the provisions of Section 129 of the Uruguay Round Agreements Act (URAA) concerning 15 matching investigations (CVD), which they do not inconsistent with the conclusions of the World Trade Organization (WTO) in the United States – countervailing duty measures applicable to certain products from China, WT/DS437 (December 18, 2014) (DS437) (DS437) (DS437) (DS437). A list of the 15 CVD studies in question in DS437 is available as an appendix. The final decision was made by the department in this Section 129 on March 31, 2016, April 26, 2016 and May 19, 2016. The Department is now implementing these final findings. On February 9, 2018, the United States informed the DSB that the United States intended to implement the DSB`s WTO/DS488 recommendations and decisions under Section 129 of the Uruguay Round Agreements Act (URAA), 19 U.C.

Sample Operating Agreement Single Member Llc

If this document is completed, it is a good idea to have it printed and signed by the member. A Single-Member LLC enterprise agreement is similar to a traditional LLC operating contract, except that this document was drawn up in the very specific case where there is only one member. Details of LLC`s day-to-day operations and member credentials can be found here. There is also a section describing how new members can join in the future if desired. A single-headed LLC does not pay corporate-level taxes (unless there is a national TAX LLC). LLC`s profits are transferred to the sole proprietor and are paid on its IRS 1040 form. Some LCs are managed by members, while others are managed by a selected board of directors. Where the LLC is to be managed by managers, certain state statutes require that this be specified in the organization`s and enterprise agreement statutes. A lawyer can help you determine if it is advisable to have an LLC managed by an LLC member or manager in your particular situation. The form is the only document that describes the ownership of the business. It is written as a protection against all partners, employees, spouses or others who claim that they have been promised (verbally) the property. In addition, it is recommended that a notary confirm each owner`s signature. Keep in mind the title of this agreement.

It is complete only after providing two items. First note the name of the limited liability company in the first blank line of this title. The best way to protect your assets from the actions of a single member is to keep everything apart.C`s easy. Pay for personal things with your personal money. If the individual member has LLC expenses, the LLC member pays these expenses from each LLC member`s checking account. You`re the only member to do the show. This section describes your skills (control, management, management, operations, etc.) and your responsibilities (contract signing, record-keeping, etc.). An “enterprise agreement” is generally imposed by law that authorizes and regulates limited liability companies, even if there is only one member.

The enterprise agreement is generally not available for public inspections. As a general rule, the statutes of the limited liability Crown corporation create a standard operating mode for a limited liability company that controls, unless the operating contract provides for something else. A lawyer can help you understand what standard rules apply to you and whether your business agreement should offer alternative rules. This first part of the enterprise agreement for a single LLC member essentially serves 4 functions: this corporate agreement LLC will help the sole member gather all the information necessary to ensure a complete and well-developed document for the activity and life of the LLC. The law governing the interpretation of the agreement should not be the right in which the LLC is organized. A lawyer can advise you if there is a reason to regulate a state law. This document differs from an article in the organization document, because there the member gives the state information about the new company. A Single-Member LLC enterprise agreement is not subject to the state and is merely a business operating document designed by the sole member. Imagine a most pessimistic scenario where your LLC is sued by creditors – who will then receive membership interest. This section states that this interest does not cover the rights to participate in the administration or operation of the LLC.

Creditors would only receive distributions (and only until the debts were settled). Yes, a one-member LLC can add members. However, this will make the company a multi-headed LLC that will require a change in the enterprise agreement.

Sales Agent Agreement Pdf

If the parties understand and accept the terms of the document, they should sign it and keep a copy. If one of the parties is a registered entity, a person should be a signatory with permission to sign agreements on behalf of the companies. A sales agency agreement is made between a company and a sales agent. This agreement is necessary when the company hires a sales agent to sell its products and services on its behalf. This agreement protects the interests of both the company and the salesperson. It specifies the terms of sale, the terms of payment and other provisions relating to the obligations and powers of the representative. It serves as a legal document in the event of a dispute between the representative and the company. 8 other part to the address listed above or to another address for which this part says below. This notification is deemed to take place three (3) days after the transfer of the mail is filed. The parties may not cede or transfer this agreement or its rights and obligations under this agreement without the prior written consent of the other party, which cannot be improperly withheld. This agreement is binding and favourable to the parties and their beneficiaries and beneficiaries, including the purchasers of their property, which constitute a mass sale in accordance with the provisions of the Single Code of Commerce.

Businesses and representatives agree that they will comply with all laws, State regulations and requirements for applicable medical obligations and devices, including, but not limited to, the Federal False Statements Act, the Federal False Statements Act, the Federal Health Insurance Act, the provisions of the Federal Portability and Liability Act, the Federal Civil Fines Act and other similar laws; and keeps accurate records of the shipment inventory. Companies and representatives ensure and guarantee that they and their owners, contracting entities, employees and/or contractors (1) have not been and will not be sanctioned under the Social Security Act, Section 1128A or its amendments, currently and during the duration of the contract; (2) were not convicted of violating federal law, the federal false claims law, the federal law against return to health insurance, the provisions of the federal portability and liability act, the Civil Fines Act or other similar state laws; (3) have not been and are not excluded from participation in a state or state health program; (4) have not filed and will not have a complaint from a trade watchdog; (5) have not participated and will not be involved in conduct that could result in sanctions, convictions or violations of any of the laws identified; and (6) are free to enter into this relationship, which does not violate or violate written or unwritten or unwritten agreements with third parties. The parties ensure and guarantee that they have at all times, during the initial period and all conditions for the renewal of this agreement, all licences, authorizations and authorizations of all federal, regional and local authorities necessary to fulfil their obligations under this agreement and all necessary authorizations to enter the patient care areas of each hospital on its territory. The parties ensure and guarantee that, for the duration of this contract, neither their owners, contracting entities, employees and/or contractors will be able to market or sell the company`s products to a physician who is its “direct family member”. For the purposes of this agreement, “direct family member” means the husband or wife; birth or adoptive parents, children or siblings; stepchildren, step-brothers or half-sisters; Stepfather, 8 annual turnover rate: the annual turnover rate implies the minimum revenue target that the agent must achieve for the year.