A standard contract is a pre-drafted agreement that is prepared in advance by one party for repeated use in multiple transactions involving different counterparties. Standard contracts streamline contracting by using uniform terms, reducing negotiation time, and promoting consistency across similar transactions.
A standard player contract (SPC) is a Sports Law practice that describes a model or league-standard written agreement between professional athletes and a club, team, organization, etc., outlining the conditions of the relationship. For example, a professional baseball player signs an SPC to play for the Los Angeles Dodgers.
A stock option is a contract that allows a person to buy a specific number of stock/shares of a company at a specific price (known as the exercise price or strike price) for a set time period in the future. The price is typically determined at the time the stock option is initially offered.
A stock purchase agreement is a contract under which a seller transfers stock of a corporation to a buyer.
Straw man is a third party that holds property in intermission for the sole purpose of transferring it to another. In property law, a straw man would be the person whom a grantor transfers land to for some reason; (sometimes known as a "front") for the sole purpose of concealing the true owner.
A subcontractor is an outside company or individual hired by a general contractor to perform part of the work or services under an existing contract with a client.
Subordination is the act or process by which one person or creditor’s rights or claims are ranked below those of others, determining the priority of debt distribution among creditors.
