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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.

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Law > Contracts

agent ad litem

Law; Contracts

Party (the agent) appointed by another party (the principal) to represent its interests in a court case where the principal cannot be present.

agreement

Law; Contracts

A negotiated and usually legally enforceable understanding between two or more legally competent parties. Although a binding contract can (and often does) result from an ...

agreement of sale

Law; Contracts

An alternative term for contract of sale.

aleatory contract

Law; Contracts

Type of contract (1) whose execution or performance depends on a contingency or an uncertain (random) event beyond the control of either party, and/or (2) under which the sums ...

allonge

Law; Contracts

Slip of paper attached to a negotiable instrument (or contract) to receive additional endorsements (or signatures) after the space provided in the original document is filled. ...

alteration

Law; Contracts

1. General: Change that does not affect the basic character or structure of the thing it is applied to. See also modification and alteration. 2. Legal: Change made to a legal ...

alternative contract

Law; Contracts

Type of contract that can be executed or performed in more than one ways, the performing party usually having the discretion to choose. Opposite of certain contract.