Blossary – Business Contracts

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Business Contracts

Terms you should know that may be contained within a business contract

Categorie: Business

10 Terms

Created by: T.Dub

Number of Blossarys: 6

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due diligence

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 ...

conditions

Conditions include the major terms within a contract. They are the basis of the contract, and if any condition is broken or ignored, the contract is breached.

agent

An agent is an individual that is appointed to act on behalf of another individual(known as the principal). The agent's authority is determined by the principal. Third parties may assume the agent ...