Contracts

Contracts

Contracts of all sorts.

Contributors in Contracts

Contracts

1. A party that possesses the exclusive right to hold, use, benefit-from, enjoy, convey, transfer, and otherwise dispose of an asset or property. 2. Contracts: The party who awards a contract for a ...

Over-certification

Law; Contracts

Situation where an inspector or certification authority (such as an architect or engineer) approves more amount to be paid than is properly due.

Partial payment

Law; Contracts

Payment amount that is less than the due amount, is a part payment for an unfinished work, or is an instalment payment.

Parol contract

Law; Contracts

Word of mouth contract (see oral contract), partially written contract, written contract not made by a deed, or a collateral contract.

Partial settlement

Law; Contracts

Fulfillment, performance, or satisfaction of a severable part of a contract (see severable contract) or claim, evidenced by a partial settlement agreement.

Preemption right

Law; Contracts

1. Privilege granted in articles of association or bylaws of a firm under which the current stockholders (shareholders) are given the first option to buy a new issue of common stock (ordinary ...

Power of attorney

Law; Contracts

Written legal authority given by one party (the principal) to another (the agent or attorney-in-fact) to act on the principal's behalf. It may be a (1) General power Of attorney that authorises the ...