Tag: parties

Waiver Of Inventory Clause What is 'Waiver Of Inventory Clause ' A clause in an insurance policy that says that the...

DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or...

Futures are a type of financial contract whereby an investor is obliged to buy an asset at a specified future price and date. The...

Taiwan OTC Exchange (TWO) .TWO What is the 'Taiwan OTC Exchange (TWO) .TWO ' The Taiwan OTC Exchange (TWO) is an alternative...

What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...

What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...

DefinitionA concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than...

DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint...

Joint and Several Liability in Business In most common law legal systems, two or more people can be jointly liable for a single liability. Joint...

DefinitionA joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can...