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  2. Collateral warranty - Wikipedia

    en.wikipedia.org/wiki/Collateral_Warranty

    Today a collateral warranty generally defines an agreement ancillary to another principal contract and/or a letter of appointment. For the benefice of a third party, it imposes an extended duty of care and a broader liability on two separate parties involved in a contract.

  3. Contract data requirements list - Wikipedia

    en.wikipedia.org/wiki/Contract_Data_Requirements...

    Data requirements can also be identified in the contract via special contract clauses (e.g., DFARS), which define special data provisions such as rights in data, warranty, etc. SOW guidance of MIL-HDBK-245D describes the desired relationship: "Work requirements should be specified in the SOW, and all data requirements for delivery, format, and ...

  4. Indemnity - Wikipedia

    en.wikipedia.org/wiki/Indemnity

    An indemnity is distinct from a warranty in that: [8] An indemnity guarantees compensation equal to the amount of loss subject to the indemnity, while a warranty only guarantees compensation for the reduction in value of the acquired asset due to the warranted fact being untrue (and the beneficiary must prove such diminution in value).

  5. Mechanic's lien - Wikipedia

    en.wikipedia.org/wiki/Mechanic's_lien

    Mechanic's liens in their modern form were first conceived by Thomas Jefferson, to encourage construction in the new capital city of Washington. They were established by the Maryland General Assembly, of which the city of Washington was then a part. [1] However, it is not likely that Jefferson single-handedly dreamed up the idea.

  6. Letter of understanding - Wikipedia

    en.wikipedia.org/wiki/Letter_of_understanding

    A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service , a project or a deal and is often written as a step before a more detailed contract is issued.

  7. Straight Talk: Here's how to spot a fake 'home warranty' scheme

    www.aol.com/straight-talk-heres-spot-fake...

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