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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

express authority

Law; Contracts

Actual, distinctly stated (not implied) specific, authority given by a delegator or principal to his or her delegatee or agent, through oral or written, or partly-oral and ...

explicit cost

Law; Contracts

Expense that is contractual in nature and definite in amount, such as rent, salaries, wages, or utility bills. Explicit costs are easily recognizable for classification and ...

exhibit

Law; Contracts

1. Document, picture, or other article presented as an evidence during a trial. 2. Document referred to in a contract that establishes the quantities and specifications for the ...

Habendum Clause

Law; Contracts

A section found in real estate contracts which grants transfer of property ownership with no restrictions. The owner of a property with such a clause is considered to have ...

follow on

Law; Contracts

Order or contract that calls for the repeat supply of goods or services, supplied under the original order or contract.

force account work

Law; Contracts

Contracted construction work paid-for on the basis of time taken and material consumed.

floating-rate contract

Law; Contracts

Bank or insurance company issued pension plan which the owner purchases in a lump sum payment. Floating-rate contract principal amounts are guaranteed by the issuing bank or ...