Basics of Intellectual Property Indemnification

Intellectual Property Indemnity – Generally

Indemnity clauses (sometimes referred to as hold harmless clauses, indemnification agreements, or indemnity agreements) are common in agreements where one party wishes to shift certain risks to another party. In intellectual property indemnification clauses, the risk is commonly associated with patent infringement, trademark infringement, copyright infringement, trade secret misappropriation, software issues, or some other intellectual property (IP) related risk. An indemnity clause may be limited to indemnification or it may also include the obligations to “defend” and/or “hold harmless” the other party. Intellectual property indemnity clauses are particularly dangerous to vendors because the costs to defend a typical IP claim could far exceed the payments to the vendor under the agreement.

Intellectual Property Indemnity – Limits on Liability

Because the potential liability for indemnification obligations, particularly for IP indemnity claims, can be so high, vendors will typically attempt to limit or cap their liability. One way this can be accomplished is including a limitation of liability clause in the agreement and expressly applying that clause to cap or limit the indemnification clause. For example, if the agreement provides a $50,000 fee to the vendor to develop and deliver a software solution, the vendor could likely be liable for significantly more if it is required to defend a third-party copyright infringement claim. However, if the limitation of liability clause limits the vendor’s total liability to payments actually received under the agreement and that limitation applies to the indemnification clause, then vendor’s liability is potentially capped at $50,000 even though the litigation of the claim could cost $100,000s. Many purchasers with leverage will demand unlimited or uncapped intellectual property indemnification. A potential compromise is for the purchaser and vendor to agree that the indemnification liability will be capped at some multiple of the vendor payments under the agreement.

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Global Warming and Energy Efficient Home Concept

Global warming and the high level of carbon emissions are not only an issue, but actually have been happening. In the next ten years, if the trend of fossil energy usage and carbon emissions increases, then approximately 8-10% of land will be reduced each year.

Energy saving is a very good way to reduce global warming effects. Saving the environment should not be done in large thing. If you want to contribute, try to start with saving energy in your home with energy efficient home concept.

House as a place of activity center of every family is a place which absorbs energy usage, the second largest after the industrial sector. As a result, the damage of the environment will quickly occur if everyone is not good enough in managing energy in their home.

By developing the energy efficient home concept, you can reduce your energy usage and can inhibit the global warming. The concept of energy efficient home can significantly reduce electricity usage with much better comfort. Although it is hard to apply, you can start from yourself, for example by turning off unnecessary lights and also reduce the activity in the night.

There are several important aspects in the concept of energy efficient home such as the scale of the room, the excessive amount of space and the electronic usage. More and more trees and air flow will give comfort, so that the energy needs of AC and the fan can be reduced. The lighting of building can be reduced by applying the concept of green light. Sunlight is able to provide good lighting during the day, so that electricity usage can be reduced.

The energy efficient home concept is very suitable to develop in tropical area, but also suitable for subtropical area when the summer comes. There are six approaches that need to be applied in the concept of energy efficient home i.e. coating of building, lighting, heating, cooling, energy consumption, and waste management.

There are several options and ways which you can do for your energy efficient home concept. These steps are very good to be applied when you want to build a new house or renovate the house. Sometimes these steps seem very simple and not crossed our minds. Yet if we look further, there are huge benefits to the environment and below are energy efficient home concepts:

Lighting with high efficiency

In the market, there are tons of brands which sell energy-saving lamps. Energy-saving lamps are relatively expensive, but with low energy and the longer endurance make these lamps are better than the cheap lamps with low-quality. So, when you buy a lamp for lighting, choose the efficient one.

Lighting during the day

The sun can serve as a source of light from morning to afternoon. There are two strategies, namely side and up lighting. When applied with good planning and design in your house, it is not impossible to replace the function of electric light and ultimately saves electricity costs.

Cool roofs

Try to make a home with higher ceiling; it is useful to reduce the heat caused by solar radiation in the room. Roof covering which has greater resistor of thermal conductivity has a good ability to reflect the heat. The roofs from the soil or ceramic materials are excellent for the comfort of temperature in the room. It will be better if added the aluminum foil which is placed beneath the roof covering. For the roof material, you can use the lightweight steel roof to reduce the use of wood which is very widely used during construction.

High-efficiency household appliances

This point is not directly related to the physical building, but very influential to the cost of electricity which you spend every month. Now, there are many brands and specifications of the various household appliances, select the energy efficient household appliances.

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Bon Voyage – Organized Travel Planning

Well, summer is finally here, and for many people, that means vacation time! Whether you plan to drive, fly, or travel by other means (a cruise, perhaps?), planning ahead will help your travel experience go off without a hitch.

I not only love to travel, I love to plan to travel. I can spend hours researching locales and lodging choices, preparing itineraries, packing, etc. Therefore, it seems only fitting to share some of my well-honed travel planning tips so that you can benefit from my travel planning addiction, and enjoy an organized travel experience. The 11 tips that follow may be common sense, but are not always commonly applied.

Create a Personalized Packing List – Create a packing list on your computer so that you can revise it constantly as you travel and realize what you forgot and would have liked with you, and what you could have left behind. My packing list is organized into the following major categories: Essentials, For Business, For the Beach, For Overseas Travel, For Active Vacations. It is then further broken down into subcategories that are specific enough to easily grab and check off each item without too much forethought (and certainly without that nagging feeling of forgetting something). My list has been customized over years of traveling. Make your list work for you and your family by personalizing it to match your needs.

Freshen Up Your Suitcases – Air out your bags before you pack. There is nothing worse than putting clean clothes in a stale smelling bag. (Hint: A scented dryer sheet or lavender sachet can work wonders.)

Check Luggage Guidelines – Go online and check your airline’s luggage guidelines to ensure that your carry on will fit, and that you will not be charged extra if you exceed the weight restriction.

Pre-Pack and Weigh – Print out your packing list in advance, and start laying out items so that you can get a visual snapshot of what you are bringing. It is wise to pre-pack in advance, especially with today’s strict airline luggage guidelines. I even recommend putting the items in the suitcase and weighing it. Better to know if you will make the cut at home when you can still remove things than to suffer an unexpected luggage fee at the airport.

Pack Extra Storage Bags – Pack a few storage bags for small items, like shoes, etc. Make sure that one is waterproof in case you need to pack wet bathing suits on the trip back home.

Get Your Gadgets in Order – Empty memory cards, and charge your phone and camera before you leave home. Consolidate power cords, chargers and extra batteries in your carry-on.

Refill Prescriptions – Refill prescription medications in advance, and pack in your carry-on in their original packaging in order to pass muster with the TSA. This also provides you with an easy way to remember the exact specifications in the rare event that the medication gets destroyed (melts in the sun, gets wet, etc.) or you are delayed longer than expected, and need to arrange a refill while still away from home.

Copy Important Documents – Carry duplicates of your passport and visa (if traveling outside of the country), travel itinerary, and any other vital documents that you need for safe travel, and keep them in a different location than the originals while traveling. Consider also emailing electronic copies to yourself or storing at a secure online site.

Give Your Wallet a Diet – Pare down the contents of your wallet to only what you need during travel. Only bring essential documents, such as driver’s license, medical insurance card (check to see if you have coverage if going outside of the country), passport, and credit cards.

Alert Credit Card Companies – Contact your bank and credit cards companies before you depart and inform them that you will be traveling, so that they will not be alarmed by out-of-town charges and put a security hold on your account.

Inventory the Contents of Your Suitcase – Take photos of your clothes, shoes, and jewelry, which will serve as documentation if your luggage gets lost or stolen. Download the shots onto your home computer or upload them to an online site just in case. It may seem like overkill (don’t all insurance and risk management measures seem so unless you need them?), but it will save you a lot of stress and money if your luggage gets lost or stolen, as well as peace of mind while traveling.
Now, you are prepared to travel. You can relax knowing that the essentials are in order. Enjoy, explore, and make great summer vacation memories. Bon voyage!

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Improve Your Poor Credit Score and Secure Yourself a Loan

So you are thinking of getting some extra money to make some urgent home repairs, the porch door needs replacing, along with a new hot water system. Unfortunately you do not have the money in the bank, but neither do you have a secure porch door or any constant hot water.

Have you considered personal loans? A lot of people take out personal loans for this type of repair. Car repairs and even holidays are used by people with their newly acquired finances. Most people have heard that a poor credit score is not a good thing (However even those that have a poor financial history can still get loans). But how do you make a good rating?

One of thing major pieces of advice from experts, before you apply for finance it is best to get a credit report completed from a reputable source. This will give you an idea of the chance of getting your application approved. In the United States of America there are three levels of credit rating, basically the higher it is the better it is.

An excellent rating is above 760, a good rating would be between 700 and 759 and a poor rating would be between 640 to 699. if you are at the top end, 760 and above then there is no point in making your rating any better. However with other ratings it is worth trying to improve as it will help your chances of succeeding in the application.

There does seem to be a bit of a chicken and egg situation sometimes, you need finance but have a poor score,but to improve you need a lender to give you a chance. Well, luckily there are things that you and your family if you have one, can do to improve your rating.

Having a poor rating does not mean you have to be stuck with it, starting to pay the bills on time instead of late or not at all will start to get you on the right path. Some lenders will still give applicants loans even with a low score, but the total given will be lower than usually and the percentage rate will be considerably higher. So you will pay more over the period of the finance.

Families can help too. If a member of your family has a good rating then some credit card companies can add you to that family members credit card as an authorized user, this will help with any poor credit score. Also having a family member with a good rating co-sign the loan could help you get what you need.

Finding the correct lender for your score is a good way to make sure that you are getting what you deserve, if you have a high score you deserve some of the best deals on the market. Instead of going to your bank or card company you can go online and search for a matching company. Companies like this are a good place go to make sure you achieve the best deal.

What are a matching company and what do they do? You enter your details on their online program and your information will be fed to several of their approved lenders, in turn the lenders will then return to the matching company with a list of loans that they are able to offer.

Once the offers come back it is then up to the applicant to choose one and complete all the necessary paperwork. A check will then be received within a matter of days and your new boiler and door fitted soon after.

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Payment Options for Shopping All the Way

Everyone is busy. Busy in shopping online and in the malls. Popular online portals are breaking and making new sale records! All thanks to the convenience and the availability of easy payment options and funds!

Here are few of the factors that are making online businesses a success

Credit Cards: A credit card is plastic money. It is one of the easiest form in which a person gets a personal loan.

All online portals as well as retailers in malls accept credit cards issued by various banks.
Online payment becomes very simple and safe, thanks to the one time passwords generated for such transactions.
A PIN is sufficient for shopping using a credit card at any retail store.

Personal loans for shopping: When we apply for a personal loan, we don’t have to provide the financier with the details of what we want the loan for.

Thus these days’ personal loans are being used to finance shopping.
They can also be used as wedding loans, vacation loans and educational loans.

Payment Processing: As far as payment processing is concerned, the following factors matter to both the consumer and the online retailer.

Uncomplicated manoeuvring on website: It is important for the payment process to be step-by-step and easy to understand. Most websites work on this section very carefully and thus the online shopping experience is satisfactory.

Processing Costs: Processing costs matter to the retailers. More the processing fees they have to pay to providers of payment gateways like Visa, the lesser are their margins. So to have an effective business the processing costs need to be low.
Number of payment options: Multiple payment options should be available for the customer to make payment. This makes the shopping a convenient proposition.
Time taken to process transactions: Processing time not only tests your patience but sometimes also the strength of your internet connection!

Cash on Delivery: This is also known as “collection on delivery.” This is a very popular mode of making payments for shopping in the developing world.

It enhances impulse purchases.
A credit card is not an essential possession for the buyer.
The buyer can check the quality of the product and then pay

So this festive season, do not hesitate to shop and to gift! The availability of funds for shopping is not difficult anymore. Also the convenience of online shopping has brought various retailers to our doorstep. So let us shop all the way!

An easy way of shopping is using a credit card. It forms an integral part of most people’s financial planning. When used in the right manner, it helps reduce financial liability and optimizes financial resources.

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Are Online Personal Loans Good For People With Bad Credit?

While the rise of online lending in itself makes it more convenient for people to apply for finance, is this development a good thing for those who are already struggling? There are companies out there who charge expensive annual percentage rates (APRs), leaving many people in more trouble than when they first started.

But it doesn’t have to be this way. Over the last few years, online lending has earned itself a bad reputation. The internet leaves many people vulnerable to fraud, so you should always exercise caution when inputting your financial details. The best way to make sure your information remains safe is to find a secure, reliable lending platform.

There is an unfair irony attached to lending today. Those with bad credit are often led to believe they have no financial options if they have made mistakes in the past, often making their situations seem more desperate than they actually are. This can result in people making bad decisions and can lead to borrowing through unstable sources.

Meanwhile, any lenders that do accept you with bad credit will charge extortionate interest rates because of your history, making it more difficult for you to meet your monthly repayment obligations – thus worsening your situation. This is a trap that many people fall into, and it gives online installment lenders a bad name.

However, this doesn’t need to be the case. If you can find yourself a reliable lending platform, you will be connected to a secure network of trustworthy lenders who can offer sensible solutions to your borrowing needs. Many of these lenders will assess your application, even if your credit file isn’t perfect or your income is lower than average.

Instead of (or in some cases, as well as) running credit checks, these lenders will take other factors into consideration, including your income and employment circumstances, and how long you have lived at your current address. They may even ask for references they can contact who will vouch for your character personally.

Even those who receive benefits as a form of income will be able to apply, giving everyone a fair and carefully considered chance of borrowing money. In these cases, applicants won’t be accepted for higher loans than they can afford to pay back, and interest rates will be low, meaning there is a better chance of managing repayments.

If you have poor credit and need to borrow money, consider a personal installment loan, but make sure the APR is advertised between 5.99% and 35.99%. There should also be a number of options in terms of flexible repayment, offering you the chance to pay the money back anywhere between six months and six years, depending on what you can afford to pay per month.

Small, carefully considered personal loans could actually help you build a financial profile making you eligible for better future borrowing. As long as the lender is responsible, and offers reasonable interest rates, online lending platforms can actually give people with more opportunities than many other lenders in terms of improving their situation.

With this in mind, personal loans can be beneficial to those hoping to improve their credit score, but only if some caution is exercised by both parties, and you only apply to borrow an amount you can afford to pay back.

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Five Reasons for Refusal of a Personal Loan

Don’t you wish personal finance were a mandatory course in college? Unfortunately, too many of us learn by mistake. When you need a personal loan and are rejected, you might be baffled as to what went wrong- and how to fix it. Here are some clues.

NO CREDIT

No credit is a situation where you have never used credit and therefore have no credit history for the bank to review. They have no way of making an educated decision on whether or not you will pay back a personal loan based on your credit history. No credit is worse than bad credit. Qualifying for and making regular payments on these types of introductory forms of credit can overcome a “no credit” score:

· Student Loans

· Secured credit card (includes a down payment amount)

· Being added to a parent’s or spouses good credit: card, car loan, etc.

LOW CREDIT

Low credit takes on several forms. If you’re using more than 30% of your allowable debt, it can negatively impact your score. Too many inquiries from shopping around for loans will also hit you hard. Lapses in payment, defaults, or bankruptcies are giant red flags and can take a long time to rebuild from.

Other things that lenders may look at are whether or not you have sizeable assets should you default on the loan. They also check to see if your debts are diversified or if you are only carrying one type of debt.

INCOME

Proof of income is generally required when applying for a personal loan. If you are unemployed or underemployed, it can work against you in the loan approval process. Lenders may also require a work history to see how long you have been with your current employer, and to determine if you typically have job stability. Frequent job loss or change will tell a creditor that your payments may not be reliable.

PURPOSE OF THE LOAN

Believe it or not, your application can be rejected due to your proposed purpose for the loan. Financial institutions have the right to set up the parameters surrounding their disbursements and can accept or reject your application based on what you want to use the money for.

BLACKLISTING

If you’ve defaulted on debt before, your name may be put on a list of whom not to loan to,’ also known as a “Blacklist.” This will follow you around for a long time and is difficult to erase. If you do resolve the debt issues, get documents to prove the resolution.

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How Can A Personal Loan Improve Your Credit Score?

When it comes to a personal loan, you have to first learn to use it responsibly. Because if you miss a repayment, your credit score will be impacted adversely. And remember, that a credit score is an indicator of how well you manage your personal finances. Also, it plays a defining role when you apply for any kind of loan – secured and unsecured. It is suggested to apply for a loan slightly larger than what is needed so that you will be assured to have enough money to pay all bills necessary and still have some money left over to ensure that your bank account stays current.

A credit score can be defined as a number which reflects the financial situation of a person. If the person is well-off when it comes to financial matters, then he or she is said to have a high credit score. On the other hand, if a person is the exact opposite of this, then they possess a low credit score. There are a lot of factors that are considered by financial institutions for the purpose of evaluating a person’s credit score – usually, the credit scores of people vary from 300 to about 850.

A personal loan is a type of loan that is given by digital lenders, banks and credit unions to aid you in your plans, be it starting a small business, or making a big purchase. Personal loans tend to have an interest rate(s) lower than the credit cards; however, they can also be put to use for combining several credit card debts together into one monthly lower-cost payment.

Now, your credit score is built by keeping in mind various parameters from your credit reports. These reports serve the purpose of trailing your history of utilization of the credit across the duration of seven years. These credit reports are comprised of information, including how much credit you have utilized to date, the type of credit in your possession, the age of one’s credit accounts, whether one has put in for bankruptcy or liens filed against them, actions of debt collections taken against them, one’s total open lines of credit as well as recent inquiries for hard credit.

Like any other type of credit, personal loans are very capable of affecting your credit score. This can be done through the process of applying and withdrawing a personal loan. If you are curious as to how personal loans can end up affecting your credit, then read on to find out more about the context. There are many ways in which your credit can be affected by personal loans and some of them are listed below:

The ratio of your debt-to-income and loan

Debt-to-income ratio is considered to be the measure of your amount of income that you spend on the debt repayments. In the case of lenders, the amount of income that you receive is said to be one of the major factors proving that you are able to repay your loan.

Some of the lenders have come up with their own debt-to-income ratio so that their proprietary credit scores may make use of it in the form of a credit consideration. Do not fall into the kind of mindset that possessing a high amount of a loan would hurt your credit. The most damage it can do is raise the ratio of your debt-to-income so that you won’t be able to apply for loans anymore without it getting rejected or denied.

Paying loans on time will make credit scores soar

The moment your loan is approved, you have to make sure that you settle the payments of each month on time and in full. Delay in repayment may significantly impact the state of your credit score. However, on the other hand, if you make the payments on time every month, then your credit score will soar high, leading to an overall good score. This will not only make your name to the preferred borrower’s list, but it will prove to be beneficial for you in the long run.

Since your payment history is comprised of almost 35% of your credit score, paying loans on time is essential in cases like these so that your credit score can maintain a positive status.

Variety is built into your credit type

There are about five factors that are responsible for determining your credit score. These are composed of the payment history, the length of the credit history, the utilization ratio of the credit, the credit mix and new inquiries of the credit in accordance with FICO®.

The credit mix only accounts for about 35% of your total credit score, whereas when it comes to a personal loan you can have a varying mix of the credit types. This mix of all types of credit is viewed at a high level of approval by the creditors and lenders.

Origination fee charged by loans

Most of the lenders end up charging you an origination fee. This fee cannot be avoided at any cost and is instantly taken off from the amount of the loan payment. The amount of origination fees depends upon the amount of the loan you are about to borrow. Late payments can lead to an overdraft of fees and late expenses. Therefore, make sure that you pay complete repayment for each month before the deadline.

Avoiding penalties when it comes to payments

Some of the credit lenders tend to charge an additional fee if you end up paying your part of the loan earlier than the agreed date. This is because they are looking for moderate amounts of interest on your loan. Now, seeing that you have paid off your part of the loan before time, they will miss out on that interest that they could have possibly made if you had not cleared the debt soon enough before the deadline.

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