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The terms Contract A and Contract B in Canadian contract law refer to a concept applied by the Canadian courts regarding the fair and equal treatment of bidders in a contract tendering process, for example to award a construction contract. Essentially this concept formalizes previously applied precedents and strengthens the protection afforded ...
contract negotiation and promotion (business management) such as for publishing, fashion model, music, movies, theatre, show business, and sport. An agent in commercial law (also referred to as a manager) is a person who is authorized to act on behalf of another (called the principal or client) to create a legal relationship with a third party.
the words "person" and "whoever" include corporations, companies, associations, firms, partnerships, societies, and joint stock companies, as well as individuals; This federal statute has many consequences. For example, a corporation may enter contracts, [23] sue and be sued, [24] and be held liable under both civil and criminal law. [25]
In Québec, a sales contract is defined as "a contract by which a person, the seller, transfers ownership of property to another person, the buyer, for a price in money". [89] The code provides for a series of protections for both buyers and sellers, and defines the statutory obligations of each.
A private limited company is required to use the words "(Private) Limited" as the last words of its name. Company Limited By Guarantee; Means a company having the liability of its members limited by memorandum to such amounts as the members may respectively undertake to contribute to the capital of the company in the event of its winding up. A ...
Implied Authority to contract is a legal term in contract law referring to the implied ability of an individual to make a legally binding contract on behalf of an organization by way of uniform or interaction with the public on behalf of that organization. [1]
This means, for example, that if a principal authorizes someone to sell the principal's house or other real property, and the law requires a contract for the sale of real property to be in writing (which is required under the Statute of Frauds in most U.S. jurisdictions), then the authorization for the other person to sign the sales contract ...
In some circumstances a person in whom some power is vested can authorize another person to exercise that power on their behalf. [ 2 ] [ 3 ] Here the underling is appointed to act as if they were the authorized person, [ 2 ] usually for the Administrative necessity [ 4 ] [ 5 ] of managing huge work loads in a government department.