Contract legal dictionary

In contract law a ceiling is usually intended to refer to a highest price or level to occur under an agreement. See also “ floor ” referring to the lowest or bottom price or level of a contractual agreement. In contract law, the term “rescission” refers to the undoing, or “unmaking” of a contract between parties. Rescission of a contract may be ordered by a court as an equitable remedy in a civil lawsuit , and is intended to bring the parties as close to the same position they were in before they entered into the contract as possible.

Elements of a Contract. The requisites for formation of a legal contract are an offer, an acceptance, competent parties who have the legal capacity to contract, lawful subject matter, mutuality of agreement, consideration, mutuality of obligation, and, if required under the Statute of Frauds, a writing. The Law Dictionary features Black's Law Dictionary, the trusted legal dictionary of law definitions and terms for over 100 years. The 2nd edition has over 15K legal terms for your business and research use. Contract definition is - a binding agreement between two or more persons or parties; especially : one legally enforceable. How to use contract in a sentence. Synonym Discussion of contract. contract to do sth He recently landed a contract to write a book about his expedition. contract with sb State agencies spent about $319 million on contracts with private vendors last year . contract between sb and sb It is a standard contract between a home seller and their agent . The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. Term of the Day: Projet. Projet n [French, literally, plan] in the civil law of Louisiana: a draft of a proposed code or constitution . Contract law is the basis of all commercial dealings from buying a bus ticket to trading on the stock market. Contract law is a species of private law . Contract law has its origins thousands of years as the early civilizations began to trade with each other, a legal system was created to support and to facilitate that trade.

We are a collaborative dictionary comprised, initially, of terms defined in the glossaries of Canadian law books published by Irwin Law. The dictionary will be  

1A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law. 'both parties must sign  6 days ago Here's what law and policy say about "shall, will, may, and must. Bryan Garner, the legal writing scholar and editor of Black's Law Dictionary wrote that "In " shall" and use "must" to impose requirements, including contracts. From credit card agreements to offers of employment, leases, and business agreements, contracts are a common part of the modern world. While you do not   A parol contract is defined to be a bargain or voluntary agreement made, either orally or in writing not under, seal, upon a good consideration, between two or more persons capable of contracting, to, do a lawful act, or to omit to do something, the performance whereof is not enjoined by law. contract 1) n. an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration. Since the law of contracts is at the heart of most business dealings, it is one of the three or four most significant areas of legal concern and can involve variations on circumstances and complexities.

Define contract. contract synonyms, contract pronunciation, contract translation, English dictionary definition of contract. n. 1. a. An agreement between two or more parties, especially one that is written and enforceable by law. b. The writing or document containing such an

Contract. A formal agreement between two parties, in which an offer is made and accepted, and both sides benefit. Ask a Lawyer Now. Dimitry K., Esq., Attorney. Articles: The various provisions of a law, an ordinance, or a contractual agreement. (a partnership agreement, for example, may contain many articles or clauses  2 Steph. Comm. 54. A contract is an agreement by which one person obligates himself to another to give, to do. or permit, or not to do  This online-only edition has been thoroughly revised and updated in 2013. This best-selling dictionary is an authoritative and comprehensive source of jargon- free  3 Feb 2020 An agreement between two private parties that creates mutual legal obligations. A contract can be either oral or written. However, oral contracts  The most widely cited law book in the world, the new 11th edition of Black's Law Dictionary is a must-have for legal bookshelves. A challenge or disagreement about the terms of a will. Contract. A formal or legally binding agreement. Conviction. A conviction is registered when a person,  

Elements of a Contract. The requisites for formation of a legal contract are an offer, an acceptance, competent parties who have the legal capacity to contract, lawful subject matter, mutuality of agreement, consideration, mutuality of obligation, and, if required under the Statute of Frauds, a writing.

The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. Term of the Day: Projet. Projet n [French, literally, plan] in the civil law of Louisiana: a draft of a proposed code or constitution . Contract law is the basis of all commercial dealings from buying a bus ticket to trading on the stock market. Contract law is a species of private law . Contract law has its origins thousands of years as the early civilizations began to trade with each other, a legal system was created to support and to facilitate that trade. contract law - that branch of jurisprudence that studies the rights and obligations of parties entering into contracts. jurisprudence, legal philosophy, law - the branch of philosophy concerned with the law and the principles that lead courts to make the decisions they do. Define contract. contract synonyms, contract pronunciation, contract translation, English dictionary definition of contract. n. 1. a. An agreement between two or more parties, especially one that is written and enforceable by law. b. The writing or document containing such an The World Law Dictionary Project is a partnership between TransLegal and leading law faculties around the world. The final product will be an online law dictionary which allows users to search in at least 20 languages for English translations of the legal terms in their languages.

(law) An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to 

A challenge or disagreement about the terms of a will. Contract. A formal or legally binding agreement. Conviction. A conviction is registered when a person,   We are a collaborative dictionary comprised, initially, of terms defined in the glossaries of Canadian law books published by Irwin Law. The dictionary will be   根據Black's Law Dictionary (Garner, 2009:365),“contract”. 一詞指雙方或多方訂立 之協議,其包含法律可執行. 或承認之義務,而在《元照英美法詞典》(薛波,. (law) An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to 

From credit card agreements to offers of employment, leases, and business agreements, contracts are a common part of the modern world. While you do not