RISKY AGREEMENT
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Guide:
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Mr.A.Basheer Ahmed, Principal, DIET,
Ranipet
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Presenter:
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Miss.G.Rajalakshmi, M.Sc.,
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PRELUDE
Nowadays, People are interested in fashionable
items. A common person also should know to
Browse Internet, Multimedia, Mass media because all of them play major role in
directing one’s life. They provide
opportunities in various fields such as, Education, Job Seeking, Employment, Marketing
Products, Matrimony etc.,
General public are urging in preparing
themselves to fit for the polygonal contemporary world. They revolutionize their
lifestyle, according to their requirements.
However, People show their urge in their day-to-day life in many ways. In every aspect, they prefer quick
comfortable process than the secured one. In this modern world, it is easy to
buy or sell products through online or offline.
Most of the times, Agreement Sheets,
Documents or Papers are positioned in buying and selling process. However, people choose their required
product, make an unread agreement and buy the product without knowing the
hidden consequences embedded in the small Technical Jargons printed in that
agreement.
We can finger out the persons those who
read the agreement.
Not only in Buying but also in transferring
and installing a software, applying for an Exam, a Job, a Bus, a Train, an Airway
ticket, booking a Room in a Lodge etc., people concentrate in attaining their
goal but not in the given agreement.
They are not aware of the forthcoming killing verdicts that emerge from
the signed-in agreements.
However, it is not correct to tick a
Contract / Settlement / Agreement Column without reading it. An agreement is
essential for any dealing, transaction, more than that reading and understanding
the agreement are essential than the agreement itself. Its importance cannot be recognized until a problem
occurs in that process. But, when problem occurs, People face difficulties in
solving it, as the agreement may have a solution or instruction that they did
not read and follow at the earlier stage.
These situations cause wastage of money,
time and give mental stress. In this
stage, some are giving up their mind of utilizing that feature, as they always want
the quicker process.
INFORMATION TO PUBLIC:
· People should
be aware of each and every word given in the agreement.
· The agreement
also could be easy to read and understand.
· Agreements are
to be prepared in a normal slang which can be understood by common person.
· The content of
the agreement should be clarified completely.
· Both parties
should be vigil on the content of the agreement.
· An Agreement
should clearly define the following:
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Party
Agreeing
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v
Party
Claiming
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v
Time Limit
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v
Work Extent
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v
Agreement Content
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v
Financial
Commitment
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v
Property Under
Deal
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v
Geographical
Area
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v
Mode of Transaction
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v
Area of Jurisdiction
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