Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Executed consideration

Law; Contracts

Something given or accepted in return for a promise whose promised act has been performed. See also executory consideration.

Explicit cost

Law; Contracts

Expense that is contractual in nature and definite in amount, such as rent, salaries, wages, or utility bills. Explicit costs are easily recognisable for classification and recording.

Provision in a contract under which one party (usually the one which drafted the agreement) is protected from being sued by the other party for damages, loss, negligence, non-performance, etc., or ...

Exhibit

Law; Contracts

1. Document, picture, or other article presented as an evidence during a trial. 2. Document referred to in a contract that establishes the quantities and specifications for the items to be delivered ...

Executory contract

Law; Contracts

Contract under execution, or where one or more parties have not yet performed their duties as stipulated in the contract document. An ongoing lease agreement is an executory contract.

Executory consideration

Law; Contracts

Something given or accepted in return for a promise, where the promised act remains to be performed on a future date. See also executed consideration.

Executory cost

Law; Contracts

Expense incurred in servicing an executory contract. Insurance and maintenance costs, and property taxes incurred on a leased property, are examples of such costs.