Home > Industry/Domain > Real estate

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.

6Categories 16551Terms

Add a new term

Contributors in Real estate

Real estate > Contracts

requirements contract

Law; Contracts

Supply contract under which a seller commits to fulfill a buyer's entire requirements for certain goods or services at specified prices, during the contract period. Opposite of ...

rescind

Law; Contracts

To invalidate an order by depriving it of the authority behind it, or a contract by restoring both parties to the pre-contract status quo as if there was no contract.

rescission

Law; Contracts

Legal term for an act of rescinding.

rescission of contract

Law; Contracts

1. Declaration or clearly communicated intention by a party to a voidable contract that it is exercising its right to terminate (rescind) the contract. It is an irrevocable step ...

resource plan

Law; Contracts

Detailed summary of all types of resources (equipment, finance, personnel, time, etc.) required to complete a specific task, such as product development.

professional services contract

Law; Contracts

Agreement to provide professional or management consulting services such as administration, designing, feasibility studies, or legal or technical advice.

profit objective

Law; Contracts

That part of a procurement contract price which the buyer and seller try to negotiate as the appropriate level of profit for the seller.