Legal glossary category
Contract Law
Browse 7 glossary entries in the Contract Law category, with short plain-English descriptions and direct links to the full term pages.
promissory
It's a formal promise where someone agrees to do something for another person, often involving money or an action, and it's written down so everyon...
Open term →provisions
Imagine 'provisions' are the specific rules written down in a contract.
Open term →redeem
Imagine you have a ticket or a prize, and 'redeem' means actually taking that ticket or prize to get what it promises.
Open term →security agreement
Imagine it's a special promise in a contract where one person agrees to give another person something valuable—like a patent or a right to use a pr...
Open term →termination event
Imagine a 'termination event' is like a specific rule or action that says, "Okay, this ends now." In law, it means something happens—like a broken...
Open term →unenforceable
Imagine a rule or promise in a contract that is so badly written or conflicts with another part of the contract that a judge decides it's not valid...
Open term →warranty
It's a promise that says if something breaks or fails, you get a certain amount of protection.
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