Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

End product

Law; Contracts

1. Final output of an activity, arrangement, or process. 2. Articles, materials, and supplies delivered (or are to be delivered) under a contract.

About

Law; Contracts

Not very exact. In commercial documents, 'about' is taken to mean a difference (tolerance) not more or less than 10 percent of the stipulated amount, quantity, or unit price. See also approximately.

Able

Law; Contracts

Party capable of meeting its obligation(s) under a contract, as in the phrase "ready, willing, and able."

Anticipatory breach

Law; Contracts

Unequivocal repudiation of a contract, before the commencement of its performance. An anticipatory breach gives the aggrieved party an immediate legal right to sue for damages as if it were a ...

International treaty specified in a document or instrument that governs the legal implication of words and terms used in it and the applicable jurisdiction in case of a dispute. Terms of a contract ...

Apparent authority

Law; Contracts

Legal concept that (in agency agreements) a principal is liable for the acts of the agent if the principal (by his or her actions or by a failure to act) gives an impression to a third party that the ...