Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

That has evolved as a non-regulated variant of a regulated contract (whose content and form is regulated by statute), such as a contract of sale. Innominate contracts are created as people exercise ...

Instruction to pay

Law; Contracts

Formal order from a first party to a second party to transfer a certain sum of money on account of the first party to a named third party.

Letter of award

Law; Contracts

Written confirmation of an award of a contract by a customer (owner or principal) to a successful bidder, stating the amount of the award, the award date, and when the contract will be signed. It may ...

Lien

Law; Contracts

Creditor's conditional right of ownership (called security interest) against a debtor's asset or property that bars its sale or transfer without paying off the creditor. In a contractual arrangement, ...

Leveraged lease

Law; Contracts

Three-party lease contract under which a lessor borrows some or most of the funds to finance the asset to be leased to a lessee. In this arrangement, (1) financing provided by the lender is without ...

Letter of interest (LOI)

Law; Contracts

1. Contracting: Written-response solicited from contractors or vendors through advertisements. It is often employed in pre-qualifying the respondents for specific services, based on their resources ...

Letter contract

Law; Contracts

Preliminary contractual document which, with or without specifying the agreed to price or amount, authorises a contractor to begin immediately with the job or project. A letter contract obligates the ...