Tag: Legal Terms

Contract

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Contract: Agreement between two or more persons which obliges each party to do (or refrain from doing) a certain thing. A valid contract requires an offer, acceptance of that offer and consideration.


Contract law

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Contract law: Contract law is the basis of all commercial dealings. The terms of a contract may be express or implied. Express provisions may be varied by statute. Unfair contract terms are now excluded by legislation, and, in areas such as employment and the sale of goods, the law imports a wide range of implied terms into new and existing contracts.


Contributory negligence

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Contributory negligenceNegligence which is not the primary cause of a tort, but which combined with the act or omission of another person to cause the damage. In the case of a car crash, for example, an injured driver who was not wearing a seat belt may be found contributorily negligent for his injuries.


Conversion

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Conversion: Legal proceeding for damages by a property owner against a defendant who found property and converted it to his own use – that is, retained it or otherwise interfered with it.


Conveyance

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Conveyance: Written document transferring property from one person to another. Conveyances are usually drafted by solicitors.


Costs

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Costs: The legal expenses of an action, such as lawyers” fees, witness expenses and other fees paid out in bringing the matter to court. The rule is generally that “costs follows the event”, which means that the loser normally pays the legal costs of both sides. The judge has the final decision and may decide not to make an order on costs.


Covenant

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Covenant: Written document in which signatories either commit themselves to do (or not to do) something, or in which they agree on a certain set of facts. Covenants are very common in leases where a landlord will usually covenant to give the tenant “quiet enjoyment” and the tenant covenants to pay the rent, keep the premises in good repair and deliver them up at the end of the tenancy.