Created by: T.Dub
Number of Blossarys: 6
English (EN) 
This covenant is placed in contractual agreements, which prohibits the party or parties from working with competitors for the duration, or for some time, after the contract is completed. It must be ...
This is where a party refuses to comply with a contract amounting to a breach of contract.
This is where parties act within the contract as partners and have 'joint, and several liability'. This means each partner is also liable for the entire contract. In the case of a liability or ...
An injunction is a remedy, sometimes awarded by court, that ceases some action from being taken. It may stop a party from doing something against the contract.
Going-concern is an accounting idea that a business should be valued on the basis that it will continue operations for the foreseen future.
These clauses are intended to exclude one party from liability if a certain circumstance happens. Courts tend to interpret these clauses strictly, and favor the party that did not write them.
Due diligence is the formal process of investigating a business to uncover possible hidden details that would affect closing a deal or contract. Normally utilized in the acquisition and merger ...
