Tag: parties

Abandonment Option

What is 'Abandonment Option' A clause granting parties the option of withdrawing from the contract before the fulfillment or completion of all...

Sales And Purchase Agreement (SPA)

What is a 'Sales And Purchase Agreement - SPA' A sales and purchase agreement (SPA) is a legal contract that obligates a...

Back-To-Back Letters Of Credit

What are 'Back-To-Back Letters Of Credit' Back-to-back letters of credit consist of two letters of credit (LCs) used together to finance a...

Cancellation Provision Clause

What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...

Quanto Swap

What is 'Quanto Swap' A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on...
quasi contract

Quasi Contract

What is a 'Quasi Contract' A quasi contract is an agreement between two parties without previous obligations to one another that has been created and...

Quality Spread Differential (QSD)

What is 'Quality Spread Differential - QSD' The term 'quality spread differential', or QSD, refers to the difference between the price of a low-quality commodity...
quiet title

Quiet Title

What is a Quiet Title Action A quiet title action is a legal proceeding used to establish the ownership of real estate when there are...
Wanton Disregard

Wanton Disregard

Willful or wanton disregard Willful or wanton conduct means the actions of one party were done with a conscious and reckless disregard for another person's...

Waiver Of Subrogation

What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...

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