According to current substantive laws, a written will is a legal document explaining how to distribute the property after the death of the maker of the will, the “testator”. So the testator, knows all details regarding distribution of his property before his death and there are specific guidelines from him
Many parties ask about wills for different reasons and perspectives. Generally, in substantive law, a will is a legal document showing how real and personal property should be distributed after the death of the maker of the will “testator”. There are many reasons to support the importance of making a
The parties to a contract, usually, are required to fully perform their obligations they agreed to as stipulated in the contract. However, one of the parties could fail to perform his obligations for any reason. If such situation happens, the injured party has variety of remedies for breach of the
According to English common law, frustration in a contract is an unforeseen matter that happens subsequent to the contract formation and without fault of the parties. The contract becomes incapable of performance due to unforeseen event that makes contract obligations to be completely different from those contemplated by the parties.
Each contract represents the “will” of the contracting parties. This is a golden rule in contracts law. Moreover, valid contracts are always enforceable by law. However, in certain events, a party or the parties may not be able to meet their obligations due to the occurrence of uncontrollable and out-of-hand
Formation of any contract requires an offer, acceptance and consideration agreed upon by the contracting parties. If there is no consideration the arrangement could be called anything apart from contract, as there is no legal contract. As long as the consideration given by the parties to an agreement has legal
Age of maturity is required for the capacity of each contract. We have all passed the age of maturity, however, we need to be aware particularly when our minor son or daughter is making a contract. Generally, minors lack the capacity, till age of maturity. The idea behind minors in
Some companies operating in Bahrain are in the process of issuing securities to the public for different reasons . This process requires the presence of some underwriters . Underwriters of securities in all parts of the world play an important role in the development of the markets . I believe
Banking business as a rule is based on banking laws and banking customary practices. In many cases ordifferences between banks and their customers the issue of undue influence has been raised by customers. What is the legal meaning of undue influence and what is the extent of it? This has
In all Gulf countries, GCC, there are many family business companies and it is very evident that those family business companies play an important, active and effective role in developing the business industry, trade activities and the national economy of their countries. Almost all around the globe, family business companies