Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

Add a new term

Contributors in Contracts

Become a Contributors

Contracts

Law of contract

Law; Contracts

Body of law that governs oral and written agreements and subjects, such as agency relationships, commercial paper, employment, and business organizations.

Legal disability

Law; Contracts

Lack of legal capacity or qualification, such as that of a minor or a mentally impaired person, to enter into a binding contract.

Legal injury

Law; Contracts

Property damage, bodily harm, or violation of a right for which law provides specific remedy (damages).

Manifestation of mutual accord between the parties to a contract required under the older (early 19th century) subjective theory of contract. Modern (late 19th century) objective theory of contract ...

Maturity date

Law; Contracts

Date on which a contractual agreement, financial instrument, guaranty, insurance policy, loan, or offer becomes due for settlement. Also called redemption date for investments. Used also as a synonym ...

Memorandum of understanding (MOU)

Law; Contracts

A document that expresses mutual accord on an issue between two or more parties. Memoranda of understanding are generally recognised as binding, even if no legal claim could be based on the rights ...

Mobilisation base

Law; Contracts

1. Facility or place from where a contractor's resources are mobilized. 2. Total of all resources that are available or can be made available for mobilization.