The complete list of terms and definitions.
Contract law is a type of law that deals with the formation and enforcement of contractual agreements. A contract is an agreement between parties that can be legally enforced by a court. The formation of a contract requires an offer, acceptance, mutual assent, and consideration. Once a contract is formed, the parties to the contract are bound by its terms. A breach occurs when a party fails to uphold their side of the contractual agreement. Common remedies for a breach of contract include damages, specific performance, or allowing a party to end the contract. Below is a list of common legal terms used in contract law and their dictionary definitions.
- Acceptance
- Accommodation
- Accord and Satisfaction
- Acknowledgement
- Acquiescence
- Agreement of Sale
- Aleatory Contract
- Amend
- An agreement in principle
- Anticipatory Breach
- Arbitration Provisions
- Article 2 of the Uniform Commercial Code
- Article 9 of the Uniform Commercial Code
- Assent
- Assignment
- Auction
- Bad Faith
- Beneficial Interest
- Benefit of the Bargain Damages
- Bid Amount
- Bilateral Contract
- Bill of Sale
- Binding Term
- Breach of Contract
- Breach of Warranty
- Bulk Sales Act
- Buyer
- Caveat Emptor
- Collective Bargaining Agreement
- Conditional Acceptance
- Conflict of Laws
- Consent
- Consequential Damages
- Consideration
- Constructive Breach
- Consumer Protection Laws
- Contingency Agreement
- Contract
- Contract Damages
- Contract Enforcement
- Contract for Sale of Business
- Contract for Sale of Goods
- Contract Formation
- Contract Made by Minors
- Contract of Adhesion
- Conveyance
- Copyright Protection
- Corporate Resolution
- Counter Offer
- Damages for Breach
- Default
- Discharge
- Disclaimer
- Duty of Good Faith and Fair Dealings
- Electronic Commerce
- Elements of a Contract
- Employment Contract
- End User Software Agreement
- Executory Contract
- Exemplary Damages
- Expectancy damages
- Express Contract
- Financing Statement
- Forbearance
- Forfeiture
- Form Contract
- Forum Selection Clause
- Franchise Agreement
- Fraud
- Fully Executed Contract
- Gift
- Gratuitous Contract
- Illegal Contract
- Implied Consent
- Implied Contract
- Implied Warranty
- Impossibility of Performance
- Indemnification
- Independent Contractor
- Installment Contract
- Interpretation of Contract
- Landlord
- Lease Agreement
- Legal Fee Agreement
- Lessor and Lessee
- Liability
- Limitation of Damages Clause
- Liquidated Damages
- Long Term Agreement of Sale
- Lost Profit Damages
- Mailbox Rule
- Material Term
- Mediation
- Meeting of the Minds
- Mirror Rule
- Mitigation of Damages
- Modify
- Mortgage Agreement
- Mutual Assent
- Mutual Mistake
- Non-Compete Agreement
- Non-Disclosure Agreement
- Notice of Contract Termination
- Novation
- Offer
- Offeree
- Offeror
- Open end contract
- Oral Contract
- Parol Contract
- Parol of Evidence Rule
- Pecuniary Damages
- Performance
- Power of Attorney
- Promise
- Promisee
- Promisor
- Promissory Estoppel
- Purchaser
- Quantum Meruit
- Quasi Contract
- Ratify a Contract
- Reaffirmation Agreement
- Redemption
- Release
- Reliance Interest
- Renew
- Requirements Contract
- Rescission of Contract
- Restatement of Contracts
- Restitution
- Royalty provision
- Rules of Construction
- Sale
- Sales Contract
- Section 2-206 of the Uniform Commercial Code
- Section 2-207 of the Uniform Commercial Code
- Secured Transaction
- Security Interest
- Seller
- Severable Contract
- Shrink Wrap License
- Special Damages
- Specific Performance
- Speculative Damages
- Statute of Frauds
- Subcontract
- Tenant
- Terms and Conditions
- Unconscionable
- Undue Influence
- Unenforceable Contract
- Uniform Commercial Code
- Unilateral Contract
- Unilateral Mistake
- Unjust Enrichment
- Vendor
- Void
- Waiver
- Warranty
- Warranty Disclaimer
- Warranty for a Particular Purpose
- Warranty of Merchantability
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