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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 
conditions
Law; Contracts
Conditions include the major terms within a contract. They are the basis of the contract, and if any condition is broken or ignored, the contract is breached.
due diligence
Law; Contracts
Due diligence is the formal process of investigating a business to uncover possible hidden details that would affect closing a deal or contract. Normally utilized in the ...
exclusion clauses
Law; Contracts
These clauses are intended to exclude one party from liability if a certain circumstance happens. Courts tend to interpret these clauses strictly, and favor the party that did not ...
joint and several liability
Law; Contracts
This is where parties act within the contract as partners and have 'joint, and several liability'. This means each partner is also liable for the entire contract. In the case of a ...
repudiation
Law; Contracts
This is where a party refuses to comply with a contract amounting to a breach of contract.
restrictive covenant
Law; Contracts
This covenant is placed in contractual agreements, which prohibits the party or parties from working with competitors for the duration, or for some time, after the contract is ...
subdivision
Construction; Building/real property
The division of a tract or parcel of land into two or more lots, sites or other divisions for the purpose, whether immediate or future, of sale or building development, and ...
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