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The terms of a contract can be expressly agreed orally or in writing. In addition, terms may even be implied by law, the conduct of the parties, custom in a particular trade, previous dealings or the parties' intentions. Contractual terms are defined as conditions, warranties or innominate terms.
A contractual term is “any provision forming part of a contract”. Each term gives rise to a contractual obligation, breach of which can give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract.
The SEC enacted the use of a Limit UP Limit Down (LULU) rule. This rule is designed to ensure that prices of individual securities reflect fundamental prices based on supply and demand and do not move outside established parameters based on errors or manipulative actions.
A contract is a legally enforceable agreement. This means that if you and someone else enters into a contractual relationship, one or both of you can force the other to comply with the contract terms by going before a court and asking the court to enforce the contract.
The terms of a contract can be expressly agreed orally or in writing. In addition, terms may even be implied by law, the conduct of the parties, custom in a particular trade, previous dealings or the parties' intentions. Contractual terms are defined as conditions, warranties or innominate terms.
A written agreement which explicitly states a fixed duration that the contract will be in effect. The signing parties are obligated to adhere to the terms and conditions within the contract until the expiration, or end date, of the contract.
A contract is a legally binding agreement that recognizes and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of the law. ... In the civil law tradition, contract law is a branch of the law of obligations.
Implied terms are words or provisions that a court assumes were intended to be included in a contract. This means that the terms aren't expressly stated in the contract.
In stocks, the limit down is the percentage decline permitted before automatic trading curbs kick in. The SEC's Limit Up Limit Down rule is designed to limit stock price volatility created by high-frequency trading.
They are called 'terms' of the contract. Some of these terms are 'express' terms that they are expressly or specifically stated, either orally (at the initial interview, say) or in writing. ... An important implied term is the duty of mutual trust and confidence, which is implied in every employment contract.
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