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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

mutuality of contract

Law; Contracts

The expectation that the standards and agreements within a contract made between two parties is either upheld or rejected by both parties. One party cannot expect to have ...

naked agreement

Law; Contracts

This is an alternative term for naked contract.

lienholder

Law; Contracts

This is an alternative term for a lienor.

lienor

Law; Contracts

Creditor or party that holds a mortgage or a legally enforceable right (lien) on a specific asset, good, or property of another (the 'lienee') as a security for a debt or to ...

limitation of cost clause

Law; Contracts

Provision in 'cost-reimbursement' type contracts under which a contractor must issue a written notification to the principal (customer), when the estimated total cost of the ...

limitation of damages clause

Law; Contracts

Provision under which the parties to a contract agree to a maximum amount recoverable as damages, in case either one of them is in breach of the contract.

limitation of funds clause

Law; Contracts

Provision in 'cost-reimbursement' type contracts under which a contractor must issue a written notification to the principal (customer), when the estimated total cost of the ...