More From encyclopedia.com
Contract , contract, in law, a promise, enforceable by law, to perform or to refrain from performing some specified act. In a general sense, all civil obligatio… Escrow , Skip to main content
Escrow
Escrow
Something of value, such as a deed, stock, money, or written instrument, that is put into the custody of a third p… Consideration , Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Consideration i… Premarital Agreement , A contract made in anticipation of marriage that specifies the rights and obligations of the parties. Such an agreement typically includes terms for… Statute Of Frauds , A type of state law, modeled after an oldenglish law, that requires certain types of contracts to be in writing.
U.S. law has adopted a 1677 English… Modification , A change or alteration in existing materials.
Modification generally has the same meaning in the law as it does in common parlance. The term has spec…
You Might Also Like
NEARBY TERMS
Pacta Sunt Servanda