- essence of a contract
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the most important condition of a contract, and its main purpose
Financial and business terms. 2012.
essence of a contract
Look at other dictionaries:
essence of the contract — Any condition or stipulation in a contract which is mutually understood and agreed by the parties to be of such vital importance that a sufficient performance of the contract cannot be had without exact compliance with it is said to be of the… … Black's law dictionary
essence of the contract — Any condition or stipulation in a contract which is mutually understood and agreed by the parties to be of such vital importance that a sufficient performance of the contract cannot be had without exact compliance with it is said to be of the… … Black's law dictionary
essence of the contract — The gist or substance or vital constituent of the contract; an important part of a contract … Ballentine's law dictionary
essence — es·sence / es əns/ n 1: the real or ultimate nature of a thing: the properties that make a thing what it is his award is legitimate only so long as it draws its essence from the collective bargaining agreement United Steel Workers v. Enterprise… … Law dictionary
contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… … Financial and business terms
Contract — A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. The New York Times Financial Glossary * * * ▪ I.… … Financial and business terms
contract labour — ▪ industrial relations the labour of workers whose freedom is restricted by the terms of a contractual (contract) relation and by laws that make such arrangements permissible and enforceable. The essence of the contract labourer s… … Universalium
Contract bridge — Bridge declarer play Alternative name(s) Bridge Type trick taking Players 4 Skill(s) require … Wikipedia
contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing … Universalium
Contract A — In Canadian contract law, Contract A is a concept that has recently been applied by courts regarding the fair and equal treatment of bidders in a contract tendering process. Essentially this concept formalizes previously applied precedents and… … Wikipedia
