Home > Industry/Domain > Law

Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

10Categories 58465Terms

Add a new term

Contributors in Law

Become a Contributors

Law > Contracts

guaranty

Law; Contracts

1. General: Written undertaking that something is of a specified benefit, content, or quality, or that it will provide satisfaction or will perform a duty or obligation in a ...

guarantor

Law; Contracts

Person or firm that endorses a three party agreement to guarantee that promises made by the first party (the principal) to the second party (client or lender) will be fulfilled, ...

guarantee phase

Law; Contracts

This is an alternative term for occupancy phase.

guaranteed maximum price (GMP)

Law; Contracts

Amount beyond which a client (project owner) is not obligated to compensate the contractor.

guarantee

Law; Contracts

In general, another way of spelling guaranty.

ground rent arrangement

Law; Contracts

A situation that occurs when someone owns a building or structure, but not the land underneath that structure. In this case the owners of that structure must pay rent for ...

grandfather clause

Law; Contracts

Provision that exempts certain entities from the full impact of an agreement, rule, or statute on the basis of preexisting arrangements or practices. A firm, for example, may ...