Tag: agreement

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

When it comes to buying a home, there are many different options available to you. One of those options is the land lease option....

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...

What is an earnout and how does it work An earnout is a performance-based bonus that is paid out over time, typically in addition to...

DefinitionEconomic integration is the unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade...

What is 'ABC Agreement' An agreement made between a purchasing member with a seat on the NYSE and the firm in which...

What is a Valuation Clause A valuation clause is a clause in a contract that stipulates the value of goods or services to be exchanged....

What is 'Rabbi Trust' A rabbi trust is a type of trust that is typically used by employers to hold retirement benefits for their employees....

What is an 'Obligation' An obligation in finance is the responsibility to meet the terms of a contract. If an obligation is...