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  2. Contractual terms in English law - Wikipedia

    en.wikipedia.org/wiki/Contractual_terms_in...

    The parties are immediately bound to the bargain, but they intend to restate the deal in a formalised contract that will not have a different effect; or The parties have completely agreed to the terms, but have made the execution of some terms in the contract conditional on the creation of a formalised contract; or

  3. Contractual term - Wikipedia

    en.wikipedia.org/wiki/Contractual_term

    Conditions are major provision terms that go to the very root of a contract breach of which means there has been substantial failure to perform a basic element in the agreement. Breach of a condition will entitle the innocent party to terminate the contract. [3] A warranty [4] is less imperative than a condition, so the contract will survive a ...

  4. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  5. Contract of sale - Wikipedia

    en.wikipedia.org/wiki/Contract_of_sale

    In contract law, a contract of sale, sales contract, sales order, or contract for sale [1] is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).

  6. Management contract - Wikipedia

    en.wikipedia.org/wiki/Management_contract

    A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise that performs the necessary managerial functions in return for a fee. Management contracts involve not just selling a method of doing things (as with franchising or licensing) but actually doing them. A ...

  7. Condition subsequent - Wikipedia

    en.wikipedia.org/wiki/Condition_subsequent

    Conditions subsequent can be explicitly stated in the language of a contract, or implied by the nature of an agreement. [3] Implicit conditions subsequent often apply in the case of retail transactions, like point of sale purchases. [3] In property law, a condition subsequent is an event which terminates a party's interest in a property. [6]

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  9. List of Latin legal terms - Wikipedia

    en.wikipedia.org/wiki/List_of_Latin_legal_terms

    In other words, the prohibition is of no effect, and the beneficiary will take the gift free from any restrictions. pactum de contrahendo: agreement to contract Prior contract aimed at concluding another contract, known as the parent or principal contract. Includes binders (in real estate sales), such as a purchase offer or an option to sell.