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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Contracts

approved brand specification

Law; Contracts

A clause in a contract which allows a designated brand name item to be substituted with another product that meets the same specifications as the designated item. Also called ...

approved change

Law; Contracts

Alteration or modification of any aspect of a contract, included after following the change approval process mutually agreed upon between the contractor and the owner of the ...

approved-brands specification

Law; Contracts

In supply contracts, a bid specification citing a specific brand and model or a certain manufacturer's product. This type of specification does not allow equivalent brands or ...

arbitration

Law; Contracts

Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the Arbitrator) without resorting to court action. Arbitration ...

arbitration clause

Law; Contracts

Provision, included in certain construction, insurance, labor, sale, or other types of contracts, requiring settlement of disputes through arbitration instead of litigation. Often ...

architect

Law; Contracts

Qualified professional who designs and supervises the construction of buildings or other structures. See also information architect.

arbitrator

Law; Contracts

Neutral third party to whom disputes between parties to a contract are submitted for a decision ('award') based only on his or her discretion. An ad hoc arbitrator is one who ...