Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Back to back

Law; Contracts

Pair of linked agreements or transactions in which all liabilities, obligations, and rights of one agreement or transaction are mirrored in the second.

Leonine clause

Law; Contracts

Provision in an agreement under which a party is excused from sharing in the liabilities arising out of the agreement.

Legally binding

Law; Contracts

Common legal phrase indicating that an agreement has been consciously made, and certain actions are now either required or prohibited. For example, a lease for an apartment is legally binding, ...

Lease utilisation

Law; Contracts

The use of a parcel of land in accordance with the zoning classification, plat or deed restrictions, and the lease provisions outlined between the lessor and lessee. Any departure from the ...

Legal liability

Law; Contracts

Obligations under law arising from civil actions (torts) or under contract. Legal liability can only be decided by courts even if the settlement is made out of the court by mutual agreement. ...

Individual who appears on a lease and is responsible for the terms present in that agreement. There may be more than one leasee on a lease. The leasee must pay any fees that are agreed upon. If the ...

Lease contract

Law; Contracts

Legal contract is a formal document that identifies the lessor, lessee, and the leased asset or property , states lease term and fee (rent), and detailed terms and conditions.