contracts

Attached

Definition from Nolo’s Plain-English Law Dictionary1) In real estate, when equipment, shelving, or furniture is solidly incorporated into a structure, such as bolted to the floor or wired to the ceiling (and not capable of being removed without damage to...

Attachment

An attachment is a court order seizing specific property. Attachment is used both as a pre-trial provisional remedy and to enforce a final judgment.

Sometimes, courts attach a defendant's property as a provisional remedy to prevent the...

bailee (custodian)

Definition from Nolo’s Plain-English Law DictionaryA person with whom some article is left, usually pursuant to a contract, who is responsible for the safe return of the article to the owner when the contract is fulfilled. Examples include banks holding...

bargain

1.In contract law, a bargain is a voluntary agreement between two parties in exchange for consideration. Consideration, here, can be money, goods, services, or a promise to do something. For example, if someone agrees to clean a bedroom in exchange...

bilateral contract

A bilateral contract is a contract in which both parties exchange promises to perform. One party’s promise serves as consideration for the promise of the other. As a result, each party is an obligor on that party’s own promise and an obligee on the...

boilerplate

Definition from Nolo’s Plain-English Law DictionarySlang for standard provisions in a contract, form, or legal pleading that are routine and often preprinted. Boilerplate provisions are meant to be used in many contracts, but some may not apply to every...

Bottomry

Bottomry, also known as a bottomry bond, is a contract where a shipowner provides his or her ship as security for a loan to finance a voyage or for a certain period of time. The shipowner usually uses the loan for maritime (i.e. sea-related)...

Breach

Violation of a law or contractual duty.

See, e.g., Breach of contract.

Breach of contract

The violation of a contractual obligation. One may breach a contract by repudiating a promise, failing to perform a promise, or interfering with another party's performance.

breach of trust

Definition from Nolo’s Plain-English Law DictionaryAn act of a trustee that violates the trustee's duties or the terms of a trust. A breach of trust need not be intentional or malicious; it can be due to carelessness or negligence.

Definition provided...

Pages