Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Hereunder

Law; Contracts

In a section following. Some legal documents say "in the terms specified hereunder…", referring to the terms and guidelines of the arrangement which are outlined in the following parts of the ...

A statement which appears to be formed into a legal contract but includes the option for the person making a promise to have no actual obligation to perform as stated. The agreement is typically very ...

Hold harmless clause

Law; Contracts

A provision in an agreement under which one or both parties agree not to hold the other party responsible for any loss, damage, or legal liability. In effect, this clause indemnifies the parties on a ...

Holdback

Law; Contracts

1. General: (1) Sum of money that remains unpaid until certain conditions are met. (2) Sum of money kept as a reserve to cover certain contingencies. 2. Banking: (1) Portion of a construction loan ...

Illegal contract

Law; Contracts

Contract whose formation, object, or performance is so iniquitous, against the law of the land, or contrary to public policy, that no court will entertain or enforce it. Technically, it is a 'no ...

Horizontal agreement

Law; Contracts

An agreement between competing businesses operating in the same economic sphere in which information on pricing, technology, and products is shared to create greater efficiencies and market ...