Search results
Results from the WOW.Com Content Network
Where a contract or term is voidable, the party entitled to avoid may either conditionally or unconditionally choose to affirm the contract or term as outlined in Article 3.2.9 of the Principles which states that "if the party entitled to avoid the contract expressly or impliedly confirms the contract after the period of time for giving notice ...
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
Hayrat, the plural form of hayr, means 'goodnesses' and refers to the motivational factor behind the vakıf organization; akarat refers to corpus and literally means 'real estates,' implying revenue-generating sources such as markets (bedestens, arastas, hans, etc.), land, and baths; and waqf, in its narrow sense, is the institution(s ...
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
A contract will be formed (assuming the other requirements for a legally binding contract are met) when the parties give objective manifestation of an intent to form the contract. Because offer and acceptance are necessarily intertwined, in California (US), offer and acceptance are analyzed together as subelements of a single element, known ...
The essential elements of a contract are contracting parties (aqidan'), a subject matter (' Ma'aqud Alaih), and a legally binding offer and acceptance (sighah). They may be written, verbal or even indicated by signs (in the case of speechless person).
Essentialia negotii (English: essential aspects or basic terms) is a Latin legal term used in contract law. It denotes the minimum contents of a contract in order for it to be held effective and legally binding.
This is usually translated as "gambling" but used to mean "speculation" in Islamic finance. [16] Involvement in contracts where the ownership of a good depends on the occurrence of a predetermined, uncertain event in the future is maisir and forbidden in Islamic finance. Gharar. Gharar is usually translated as "uncertainty" or "ambiguity".