The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Contracts

What is Duress?

Learn how duress is applied in contract and criminal law, what elements are necessary to prove it, and how coercion differs.

Why Ab Initio Is a Big Deal in Contract Law

The phrase ab initio comes from Latin and literally means “from the start” or “from the beginning.” Such a definition may sound fairly innocuous, but the truth is that this little phrase

The law of verbal agreements

<p>People have traditionally used a handshake to signify the reaching of an agreement. Verbal agreements, with or without the symbolic handshake, are legally enforceable in most instances. State laws require that certain

Parts Of A Legal Contract

A contract is a promise that is a legally enforceable agreement between two or more parties. Most contracts are in written form. This is intended to lessen the likelihood of disputes and

Creating Legally Binding Contracts Online

A large portion of business is conducted entirely online these days. From e-commerce to content subscriptions and from expert advice to financial services, business-to-business (B2B) and business-to-consumer (B2C) transactions are constantly carried

Legal Definition Of Tolling Agreement

The Tolling Agreement might be mistaken for a highway toll bridge where money is collected. But it also has another definition with regards to rights and contract law. Here is the legal

Who Can Witness A Legal Document?

There are well-established guidelines for how the signature and date sections should look on a legal document. A party (or parties) should find credible, reliable witnesses to authenticate the signatures and date.

What Are Bilateral Agreements?

You might have heard of bilateral trade agreements between different countries, but is that the same as a bilateral agreement? The prefix “Bi” means two. But what is the exact definition of

How To Cancel A Contract In Writing

Individuals and entities may enter into contracts for a variety of reasons. Usually, a contract defines the obligations of the parties, with one party promising goods or services while the other promises

How To Legally Break A Contract

United States law defines a contract as a legally binding agreement that places mutual obligations on the involved parties. It usually requires an offer and an acceptance of the offer by parties

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