Wakala Agreement Definition

A wakala agreement is a type of contract used in Islamic finance that allows one party to act as an agent on behalf of another party. The term “wakala” refers to the Arabic word for agency or representation. In a wakala agreement, the party acting as the agent (known as the “wakil”) is authorized […]

Excise Tax Closing Agreement

An Excise Tax Closing Agreement (ETCA) is a legally binding agreement between the Internal Revenue Service (IRS) and a taxpayer to settle tax liabilities related to excise taxes. Excise taxes are taxes imposed on specific goods and services, such as gasoline, tobacco products, and alcohol. An ETCA is typically used when a taxpayer has […]

Alternative Name for Confidentiality Agreement

As businesses continue to grow, the need to protect sensitive information also increases. This is where confidentiality agreements come into play. A confidentiality agreement is a legally binding document that ensures the secrecy of certain information. However, confidentiality agreement is not the only term used to refer to this type of document. In fact, […]