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

indivisible contract

Law; Contracts

Type of contract where obligations of the contracting parties are interdependent, and no party can demand performance from the other(s) unless it performs its own part or is ready ...

inducement

Law; Contracts

1. Contracting: Advantage, benefit, or consideration that causes a party to enter into a binding agreement, or motivates it to perform more efficiently and cost effectively. 2. ...

ineligible bidder

Law; Contracts

Contractor, supplier, or vendor who cannot be included in the qualified bidders list because of its financial inability, lack of required experience, history of unsatisfactory ...

informal bid

Law; Contracts

Unsealed competitive bid submitted by letter, fax, or email, in response to an invitation to bid (ITB).

informal contract

Law; Contracts

Agreement that is not (or need not be) in a prescribed format to be legally valid and binding.

innominate contract

Law; Contracts

That has evolved as a non-regulated variant of a regulated contract (whose content and form is regulated by statute), such as a contract of sale. Innominate contracts are created ...

insolvency clause

Law; Contracts

A provision in a contract required by regulation as a prerequisite to obtaining credit for reinsurance where the reinsurer agrees to pay for obligations under the contract ...