RESERVED OPTION
a clause in a contract that gives both parties the right to cancel in the future.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
a clause in a contract that gives both parties the right to cancel in the future.
a term that describes the breach of a contract and the failing to carry out the terms of the agreement.
corporation that has been designed purposely to be liquidated before it has accumulated enough money to have to pay taxes.
a demand for damages where the price has not been set yet.
an meeting of stockholders to elect officers and conducting business that requires action and consent.
a law requiring taxes be paid before money is distributed from an estate.
the name of a federal law that has been enacted to aid small business enterprises.
a doctrine that a decision should not favour the plaintiff who has not acted accordingly and honestly.
a contract that is given to the lessee who has a right to renew the lease under conditions outlined in the clause for renewal.
the bar that will deny something that is sworn to under oath in a previous suit in future suit.
the name that is given to a partner who will settle the partnership affairs when the business is dissolved when one partner dies.
the denial of a party that has grown out of a denial by the opposite party in a suit.
This term applies to a child who has committed an unlawful offense that is punishable if it was an adult.
a term that is given to the proposal that will end a dispute and does away with a law suit.
a clause in a deed that provides a right under set and specified circumstances that the property will be returned to the grantor.
a corporation whose stock is held largely by one family.
federal law that was enacted in 1947 giving rights to employees and employers where strikes are legal and other union deals.
the term that describes a fact that in important due to its relationship with another fact.
a term where a law of a state gives its courts jurisdiction over people and property outside the state.
a phrase found in wills where property will be shared and shared a like and each person will receive the same amount.