Contract at Legal Glossary What is it? A legally binding agreement involving two or more people or businesses (called parties) that sets forth what the parties will or will not do.
Contract
Related Category: Legal Terms and Concepts
in law, a promise, enforceable by law, to perform or to refrain from performing some specified act. In a general sense, all civil obligations fall under tort or contract law.
Contract definition:
An agreement between persons which obliges each party to do or not to do a certain thing.
Related Terms: Contract Law, Quasi-Contract, Obligations, Offer, Acceptance, Consideration, Tort, Counter Offer ...
Contract of Employment
A contract between an employee and an employer. The contractual arrangement does not have to be in writing, (however it is advisable).
Contracted-Out
An employer can contract out of the SERPs element out of the state pension scheme (hence qualifying for a contracted-out rebate on NIC's ) by means of an occupational pension scheme.
CONTRACT - An agreement between two or more competent parties in which an offer is made and accepted, and each party benefits. The agreement can be formal, informal, written, oral or just plain understood.
Contract Law Part of the common law series Contract theory Contract formation
Offer and acceptance · Mailbox rule
Mirror image rule · Invitation to treat ...
Contract is an agreement, a promise, which is enforceable by law, between two or more parties to perform a specific job where there is offer and acceptence or act as per the agreement.
Contract: An agreement between two or more persons that creates an obligation to do or not to do a particular thing.
Contract Carrier: Company that transports freight under contract with one or a limited number of shippers.
Quasi-Contract: An obligation created by the law in the absence of an agreement or contract; not based upon the intentions or expressions of the parties.
Implied Contract: A type of enforceable contract that is not made explicitly, but is implied from the circumstances or the parties' conduct.
Contractions that end with are?
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A contract that so strongly favors one party or so unfairly restricts another, that it creates a presumption that one party had no choice when entering into it.
ACCESSORY CONTRACT - One made for assuring the performance of a prior contract, either by the same parties or by others, such as suretyship, mortgages, and pledges.
Breach of contract - An unjustified failure to perform when performance is due.
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Independent Contractor: A person or business who performs services for another person under an express or implied agreement and who is not subject to the other's control, or right to control, the manner and means of performing services; ...
Lease Contract - An agreement under which equipment or facilities can be obtained on a rental payment basis for a given period of time.
Legal Composition - Identification and description of the lawful ownership or title to a business.
CONTRACT
It is an agreement between persons which obliges each party to do or not to do a certain thing. Technically, a valid contract requires an offer and an acceptance of that offer, and, in common law countries, consideration.
contract - An oral or written agreement between two or more parties which is enforceable by law.
contributory negligence - The failure to exercise care by a plaintiff, which contributed to the plaintiff's injury.
Contract of Sale
Depending on area of country it may be a Land Contract or a Purchase Agreement.
Closing Cost
Expenses incurred in the closing of a real estate or mortgage transaction.
contract: a legally enforceable agreement between two or more persons or parties (oral or written)
corroborate: to strengthen; to add weight by additional evidence ...
Contract law
That body of law which regulates the enforcement of contracts.
contract A promissory agreement between two or more persons or entities, that creates, modifies, or destroys a legal relationship.
ex contractuArising from a contract.
ex delictoArising from a wrong, breach of duty. See tort.
ex parteBy or for a single party; done for, in behalf of or on the application of one party only as distinguished from an adversary (contested).
EX CONTRACTU. This term is applied to such things as arise from a contract; as an action which arises ex contractu. Vide Action.
Implied contract - A contract not created or evidenced by the explicit agreement of the parties but one inferred by law; as the use of electric power in your home implies a contract with the light company.
contract
1) n. an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration.
Contract
Definition - Noun
[Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com- with, together + trahere to draw] ...
Contracts Buy Sell Agreements
Choice of Law
Contracts Confidentiality and Non Disclosure ...
Contracts signed under duress are voidable and, in some circumstances, you cannot be convicted of a crime if you can prove that you were forced or threatened into committing the crime (although this defence may not be available for serious crimes).
contracting party
A country or intergovernmental organization that is a member of the Madrid Protocol.
t ...
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance.
A contract to take shares is like any other contract. I t is constituted by offer, acceptance and communication of the acceptance to the offerer.
GAGE
contracts. Personal property placed by a debtor in possession of his creditor, as a security for his debt, a pawn. (q. v.) Hence mortgage is a dead... more
GAGER DEL LEY
Wager of law. (q. v.) ... more ...
Unfair Contract Terms Act 1977
Controls exclusion and limitation clauses (see ‘exclusion clause' and ‘limitation clause').The Act gives consumers greater protection than businesses.
Domestic ContractIn family law, a contract between people setting out their obligations towards and expectations of each other.
Adhesion contract
A fine-print consumer form contract which is generally given to consumers at point-of-sale, with no opportunity for negotiation as to it's terms, and which, typically, sets out the terms and conditions of the sale, ...
Breach of contract: Failure to carry out a contract.
Bye-law: A law made by a local authority, such as a county council, for its own area.
Breach of contract
Where one party to a contract breaks one of the agreed terms of a contract.
Burden of proof ...
Maxims: The contract makes the law. The law aids the vigilant; forces no one to do a vain, useless, or impossible thing; injures no one -- never works and injury; does nothing in vain; regards not trifles; regards equity; always gives a remedy; ...
Breach of Contract
Failure, without legal excuse, to perform a duty required under a contract.
Yellow dog contract A name given in American labor law to contract of employment by which the employee agrees to forfeit their employment if they join a union during the period of employment.
Unilateral contract - An agreement by which one undertakes an express performance without receiving any express promise of performance from the other.
Union - An organization of workers formed for the purpose of collective bargaining.
RETAINER - A contract between an attorney and his or her client. Preferably (under most state bar rules) these need to be in some written form, but retainers can be oral.
Term: Breach Of Contract
Definition: Failure, without legal excuse, to perform a duty required under a contract.
obligatio verbis contracta - a contract entered into by words.
occupatio - acquisition of ownership by possession of a thing not previously owned or a thing abandoned by its owner.
" For example, if two parties complain to a judge of the non-performance of a contract by the other, ...
If the plaintiff alleges a cause of action for breach of contract and proves each and every one of the essential elements of that cause of action (i.e., if he can prove the facts that he alleged in his complaint are true), he wins. It's that simple.
Acceleration clause A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.
Under common law, any binding contract must have some consideration, no matter how small. The courts will not normally inquire into the sufficiency of the consideration; a "peppercorn rent" would be sufficient.
Bond - A promise or contract to do or perform a specified act(s) or to pay a penalty for failure to perform, usually guaranteed by a "surety" who promises to pay if the "principal" defaults, or by deposit of money as a "cash bond.
shall - As used in statutes, contracts, or the like, this word is generally imperative or mandatory.
side-bar - Refers to position at side of the judge's bench where trial counsel and judge discuss matters out of hearing of jury.
Civil cases include torts, suits about contracts, domestic relations (family law) cases, and many other kinds of cases.
Postnuptial: A written contract between husband and wife that states all of their present and future rights in view of their impending divorce.
Praecipe: An order asking the court to act. It is addressed to the clerk of court.
PRENUPTIAL AGREEMENT: a contract signed by the spouses before the marriage setting out each spouse's rights to property and assets in the case of a divorce.
PRO SE/PROPER PERSON: representing yourself in court without an attorney.
- Q - ...
CONSIDERATION The inducement to a contract; the reason or material cause of the contract.
CONTEMPT OF COURT Any act which is calculated to embarrass, hinder, or obstruct court in administration of justice.
Collaborative Divorce Proceeding in which each spouse contracts a lawyer, and together the spouses and their lawyers negotiate a settlement.
Complaint (Petition) for Divorce A request for divorce which is filed with the court.
specific performance: a mandatory order in equity. Where damages would be inadequate compensation for the breach of a contract, the contractor will be compelled to perform specifically what he has agreed to do.
An "offer" in contract law is a proposal to make a deal. It must be communicated successfully from the person making it to the person to whom it is made and it must be the person to whom it is made and it must be definite and reasonably certain in ...
 See also: Contra, Law, Person, State, Court
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