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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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Contributors in Real estate

Real estate > Contracts

primary liability

Law; Contracts

Direct obligation, or a liability ensuing from one's direct responsibility.

prime contractor

Law; Contracts

Chief contractor who has a contract with the owner of a project or job, and has the full responsibility for its completion. A prime contractor undertakes to perform a complete ...

prime contract

Law; Contracts

Contract held either by the owner (contracee or principal) of a project, or by a main or primary contractor having full responsibility for the job.

principal

Law; Contracts

1. Law: (1) A party who designates another (the agent) to act on his or her behalf. (2) A party that has the primary responsibility in a liability or obligation, as opposed to an ...

privity of contract

Law; Contracts

Legal doctrine that a contract confers rights and imposes liabilities only on its contracting parties. They, and not any third-party, can sue each other (or be sued) under the ...

procurement directive

Law; Contracts

This is an alternative term for procurement request.

procurement request

Law; Contracts

Contract document that describes the good or service to be obtained, and on the basis of which a procurement action is initiated. When combined with specifications, ...