What is NOT IN CONTRACT (NIC)?

An item that is mentioned in the contract only for reference purposes and as such has no bearing or relation to the contract.

More On This Topic
  1. Breach Of Contract: What It Is, Types, Examples, & Resolving Them
  2. What Is Common Law?
  3. Writing a Contract Addendum
  4. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?
  5. How To Terminate A Contract Letter
  6. Best Way To Write A Lease-To-Own Contract
  7. How To Cancel A Contract In Writing
  8. 3 Types of Misrepresentation and Why They Matter
  9. How To Legally Break A Contract
  10. Why Ab Initio Is a Big Deal in Contract Law

Related Legal Terms
PRE-CONTRACT, BREACH OF CONTRACT, CONTRACT OF EMPLOYMENT, FUTURES CONTRACT, CLOSED CONTRACT, PAROL CONTRACT, FORWARD CONTRACT, MUTUALITY OF CONTRACT, PERFORMANCE OF CONTRACT, NEARBY FUTURES CONTRACT


Link to This Definition
Did you find this definition of NOT IN CONTRACT (NIC) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary