This occurs when a patient has agreed to undergo a medical or surgical procedure and has agreed to the fee to be paid.

Contract year is the amount of time between the effective date and the expiration date .

Level upto which the fulfillment of the requirements of a project

Owner of a project (also known as principal or client) or anyone else who gets into a deal with a builder or merchant and gets particular commodities or/and services as […]

Person who gets into a obligatory contract with one (or more) dealing parties and hence accepts the profits and responsibilities provided in it. For a deal to be legit, all […]

Abbreviation; abridgment or shortening of a word by omitting a letter or letters or a syllable, with a mark over the place where the elision occurs. This was customary in […]

It is a theory of macro-economy which describes an economy which does not operate at maximum employment equilibrium . The outcome of a gap of contractionary nature is a low […]

This term is strictly applicable to any person who enters into a contract, (Kent v. Railroad Co., 12 N. Y. 628,) but is commonly reserved to designate one who, for […]

Instruments, machines and other tangible property which a builder obtains to execute a contract.

Instruments, machines and other tangible property which a builder obtains to complete a contract.

A facility of production (like mixing plant for concrete) owned and controlled by a builder, and applied in completing a contract.

Policy which includes all kinds of risks related to a building project. Usually issued under the combined names of a builder and a client, normally it also contains insurance of […]

Stipulation in a deal which provides a contractor with the power to choose certain substances or methods out of a sanctioned list.

A convention sponsored by UN which lays down equal drafting rules pertaining to sales deals, and establishes the legal privileges and duties of both the buyer and seller as per […]

Money needed to be given or paid to a security

Legal document creating a contractual agreement.

Any entity, like financial institutions which enables a financial agreement between parties. For example, a bank providing mortgage, enabling buying and selling of properties between individuals. The privileges, responsibilities, and […]

Responsibility taken by any party under contract, as per the conditions of the contract.

Insurance covering the insured from liabilities which are their responsibility as per a written contract .

This term is applied to the binding promise or obligation that comes from an agreement or contract.

Not a genuine port for loading but is assumed as such in order to compute haulage charges or/and tariff for inland. Also known as commercial port of loading .

Legal kinship between parties of contract demonstrated by 1) a proposal, 2) proposal

In Roman law. Contracts of good faith. Those contracts which, when brought into litigation , were not determined by the rules of the strict law alone, but allowed the judge […]

Contract; a contract ; contracts

In practice . To disprove. To prove a fact contrary to what has been asserted by a witness. H CONTRADICTION IN TERMS . A phrase of which the parts are […]