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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

managed service

Law; Contracts

Management, typically by an outside third-party, of an organization's services and equipment related to computers, networks, or software. Web hosting providers and internet ...

management contractor

Law; Contracts

Person or firm appointed in the pre-construction stage by the principal (contractee or project owner) to work alongside and coordinate the activities of architects, engineers, ...

management information system (MIS)

Law; Contracts

An organized approach to the study of the information needs of an organization's management at every level in making operational, tactical, and strategic decisions. Its objective ...

master agreement

Law; Contracts

That consolidates two or more separate but related agreements between the same counterparties in one legal document. Also called master contract.

master contract

Law; Contracts

This is an alternative term for master agreement.

material breach

Law; Contracts

Substantial failure in the performance of a contract, significant enough to release the aggrieved party from its obligation and accrues to it the right to sue for damages.

material contract terms

Law; Contracts

The essential terms of a sales contract. Material contact terms include a description of the item sold, the price, the quantity, and the delivery date.