Business Negotiations and Contracts: Difference between revisions
(terms for parties of an offer and of a lease) |
(+ statute) |
||
| Line 14: | Line 14: | ||
* an offer => offeror - offeree | * an offer => offeror - offeree | ||
* a lease => lessor - lessee | * a lease => lessor - lessee | ||
* '''statute''' == law/rule | |||
Revision as of 17:35, 29 October 2013
- covenant == an agreement w/a specific promise to do or not to do something
- non-competition covenant
- whereas == in contrast
- injunction == obligation
- breach == to break a boundary, to violate, to not fulfill
- rescind cancel w/ effect of being the same position as before signing the contract
- unwarranted == uncalled for, unjustified
- contention == disagreement
- contentious ( adj. )
- efficacious == effective
Counter offer is interpreted as rejection of offer.
- an offer => offeror - offeree
- a lease => lessor - lessee
- statute == law/rule