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Business Negotiations and Contracts

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Revision as of 17:28, 29 October 2013 by Jukeboksi (talk | contribs) (terms for parties of an offer and of a lease)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

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

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