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Forward Agreement Sample

Forward Agreement Sample: Understanding the Basics

In the world of finance, a forward agreement is a type of contract that allows parties to lock in an exchange rate or price for a financial instrument at a future date. This is especially useful for businesses that deal in international trade, as it helps to mitigate the risk of currency fluctuations and market volatility.

If you`re new to forward agreements, it can be helpful to understand the basics of how they work. Here`s a sample forward agreement to give you a sense of what`s involved:

Sample Forward Agreement

This Forward Agreement (“Agreement”) is made and entered into on [date] by and between [Party A] and [Party B], collectively referred to as the “Parties.”

Whereas, the Parties wish to enter into an agreement to purchase and sell a financial instrument, as more specifically described herein.

Now, therefore, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows:

1. Purchase and Sale. Party A agrees to sell and Party B agrees to purchase [financial instrument] on [date] at a price of [exchange rate or price].

2. Delivery. Delivery of the financial instrument shall be made on [date] at a location agreed upon by the Parties.

3. Payment. Payment for the financial instrument shall be made on [date] via wire transfer or other agreed-upon method.

4. Representations and Warranties. Each Party represents and warrants to the other that it has the full power and authority to enter into this Agreement and to perform its obligations hereunder.

5. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of [state or country].

6. Entire Agreement. This Agreement contains the entire understanding of the Parties and supersedes all prior negotiations, understandings, and agreements between the Parties concerning the subject matter hereof.

7. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

In witness whereof, the Parties have executed this Agreement as of the date first written above.

[Party A]

By: ______________________

Name: ____________________

Title: _____________________

[Party B]

By: ______________________

Name: ____________________

Title: _____________________

This is just one example of a forward agreement, and the terms and conditions may vary depending on the specific needs of the parties involved. It`s important to work with a legal or financial professional to ensure that your forward agreement is properly drafted and executed.

In addition, it`s worth noting that forward agreements can be complex instruments that require a thorough understanding of financial markets and risk management strategies. As such, it`s not recommended for individuals or businesses to enter into such agreements without consulting with an experienced professional.

Overall, a forward agreement can be a powerful tool for managing risk in international trade and finance. With the right guidance and expertise, it`s possible to structure a forward agreement that protects your interests and helps you achieve your business goals.

Designated Area Migration Agreement Nt

Designated Area Migration Agreement NT: What You Need to Know

The Northern Territory of Australia is a vast and sparsely populated region that attracts both international and domestic migrants. While the region offers a unique lifestyle and a range of economic opportunities, it also faces a range of challenges in terms of workforce shortages and population growth.

One tool designed to address these challenges is the Designated Area Migration Agreement (DAMA). DAMAs are region-based agreements that allow employers in designated areas to sponsor skilled and semi-skilled workers from overseas to fill skills shortages that cannot be met by local residents.

The Northern Territory is one of several regions in Australia to have a DAMA in place. The Northern Territory DAMA is divided into two streams: the NT DAMA I and NT DAMA II. The NT DAMA I was introduced in 2015 and was renewed in 2018. The NT DAMA II was introduced in 2019 and is in place until 2023. Both DAMAs are designed to support economic growth in the Northern Territory and improve opportunities for migrants and residents alike.

The NT DAMA I covers a range of occupations, including hospitality, agriculture, construction and childcare. The NT DAMA II is more extensive, covering a range of skill levels and occupations across multiple industries. Both DAMAs are designed to support employers in the Northern Territory to fill vacancies that cannot be filled by local residents, and to support the growth of the Northern Territory economy.

One of the key benefits of the DAMA is that it allows employers to sponsor workers for visas that are not available through the standard visa system. This includes the temporary skilled shortage visa (subclass 482) and the employer nomination scheme visa (subclass 186). DAMA visa holders enjoy a range of benefits, including the ability to bring their families with them, access to Medicare (Australia`s national healthcare system), and access to social security benefits.

To be eligible for sponsorship under the NT DAMA, workers must meet a range of criteria, including having the necessary qualifications and skills for the position, meeting English language requirements, and meeting character and health requirements. Employers must also meet a range of criteria, including demonstrating that they have a genuine need for the worker and that they are unable to fill the position with a local resident.

In summary, the Designated Area Migration Agreement NT is a valuable tool for addressing workforce shortages and supporting economic growth in the Northern Territory. Employers in the Northern Territory can benefit from the ability to sponsor skilled and semi-skilled workers from overseas, while migrant workers can enjoy a range of benefits and opportunities to build a new life in Australia`s Top End.

Sample Letter for the Extension of Contract

Are you a contract worker who needs more time to complete your project? Or perhaps you’re a manager who wants to keep a valued employee on the team? Whatever the case may be, it’s important to know how to write an effective extension letter. In this article, we’ll guide you through the process of creating a sample letter for the extension of contract that’s both professional and SEO-friendly.


The first paragraph of your extension letter should introduce the purpose of the letter and provide context for the request. Be sure to include the original contract’s start and end dates, and the reasons why the extension is needed. If the extension is for a specific period of time (such as six months), include the new end date.


The body of your extension letter should explain why the extension is necessary and highlight any new or ongoing responsibilities that will need to be fulfilled. This is also a good place to address any concerns the employer or employee may have about the extension.

For example, if the extension is due to unforeseeable delays in a project, explain how the delay impacts the overall goals and timeline of the project. If the extension is due to the employee’s performance, express confidence in their ability to meet the new expectations and outline specific steps that will be taken to ensure success.


To conclude your extension letter, reiterate your appreciation for the employer’s consideration and express your hope that the extension request will be granted. Provide contact information and availability for any follow-up questions or discussions.

SEO Tips

To optimize your extension letter for search engine results, include relevant keywords such as “contract extension” and “professional development.” Use an easy-to-read font and keep your sentences short and concise. Be sure to proofread for errors and typos, and use headers and bullet points to break up large blocks of text.


Writing a professional extension letter requires careful attention to detail, clear communication, and a friendly tone. By following the tips above, you can create a sample letter for the extension of contract that’s both effective and SEO-friendly. Remember to make your case, explain your reasoning, and express your appreciation for the employer’s consideration.

Iiroc Bare Trustee Agreement 2021

The Investment Industry Regulatory Organization of Canada (IIROC) recently published the 2021 version of its bare trustee agreement. This agreement sets out the responsibilities and obligations of a bare trustee in relation to the assets held in trust for clients of IIROC-regulated firms.

A bare trustee is a type of trustee who holds legal title to assets but has no control over those assets. This is often used in the investment industry to hold securities on behalf of clients. The bare trustee agreement is an important document because it sets out the rights and obligations of the parties involved and provides clarity on the legal relationship between the trustee and the client.

The 2021 version of the bare trustee agreement contains some important updates and changes from previous versions. One notable change is the addition of provisions related to cybersecurity and data privacy. These provisions require the trustee to take reasonable steps to protect client data and to implement appropriate cybersecurity measures.

Another significant change is the inclusion of a dispute resolution process. The agreement now sets out a process for resolving disputes between the trustee and the client, including a requirement to engage in mediation before resorting to litigation.

The 2021 agreement also includes provisions related to the trustee`s liability and indemnification. It clarifies the circumstances under which the trustee may be held liable and sets out the process for seeking indemnification from IIROC.

Overall, the 2021 version of the bare trustee agreement is an important document for anyone involved in the investment industry. It provides clarity on the rights and obligations of a bare trustee and sets out important protections for clients, including provisions related to cybersecurity and dispute resolution. Anyone involved in the investment industry should be familiar with this agreement and ensure that they are in compliance with its requirements.