Home > Blossary: Business Contracts
Terms you should know that may be contained within a business contract

Category: Business

10 Terms

Created by: T.Dub

Number of Blossarys: 6

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Това е, когато страни действат в рамките на Договора като партньори и имат ", солидарна отговорност". Това означава, всеки партньор е отговорен за целия договор. При пасив или кредитора те трябва да ...

Domain: Law; Category: Contracts

This covenant is placed in contractual agreements, which prohibits the party or parties from working with competitors for the duration, or for some time, after the contract is completed. It must be ...

Domain: Law; Category: Contracts

This is where a party refuses to comply with a contract amounting to a breach of contract.

Domain: Law; Category: Contracts

This is where parties act within the contract as partners and have 'joint, and several liability'. This means each partner is also liable for the entire contract. In the case of a liability or ...

Domain: Law; Category: Contracts

An injunction is a remedy, sometimes awarded by court, that ceases some action from being taken. It may stop a party from doing something against the contract.

Domain: Law; Category: 

Going-concern is an accounting idea that a business should be valued on the basis that it will continue operations for the foreseen future.

Domain: Accounting; Category: General accounting

These clauses are intended to exclude one party from liability if a certain circumstance happens. Courts tend to interpret these clauses strictly, and favor the party that did not write them.

Domain: Law; Category: Contracts

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