Special Conditionsmeans Special Conditions of Contract, which override the General Conditions, also referred to as SCC. Special Representationshas the meaning set forth in Section 8.1. Clausesmeans these contractual clauses, which are a free-standing document that does not incorporate commercial business...
The article provides information on the clauses that commonly appear in a guarantee contract. These clauses include the descriptions of the collateral and personal guarantees pledged by the borrower and other guarantors and duration of the guarantee and a description of how much is covered by the...
of destroying the object of the contract (if the defense is impossibility) or dramatically changing the expected value of the contract (if the defense is frustration of purpose), it is possible that contractual performance will be excused, even without the protection of a force majeure clause. ...
Projectmeans the goods or Services described in the Signature Document or a Work Order of this Contract. Solar PV Projectmeans the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology. ...
andthelawinLouisianaisbasedonthatcodealso.(BecauseofthecompletelydifferentunderpinningsofLouisianalaw,itisraretofindalawyerorrealestateagentoutsidethestatewhowillofferanopinionregardingrealestatelawwithinthestate.)Whenreadingdefinitionsofwords,oneshouldpayattentiontowhetherthedefinitionrecites“atcommonlaw”or“at...
These statuses provide essential information about a property listing’s current state, indicating whether it is available for sale,under contract, or off the market. They enable you to understand the current situation with the property. Knowing the MLS status allows real estate professionals and ind...
Like a compass that guides you through unfamiliar terrain, legal advice from a property solicitor can help protect your interests during the conveyancing process. Purchasing or selling real estate in Geelong is not as simple as signing a contract and exchanging money. There are contractual obligations...
Secondary Financing– Real estate financing in which a loan(s) is subordinate behind a first lien. Secured Party– The individual or entity that holds a security interest or lien. This party can also be referred to as the mortgagee.
c) Contract d) Civil law Civil Law: Civil law provides a predefined set of rules and regulations pertaining to a situation. It also specifies the types of cases that are eligible for hearing, the process of handling cases, and potential remedies. A...
1031 TIC Exchange and REITs: SEC Commissioner's Remarks Excerpts from SEC Commissioner's Remarks Before the NASD Spring Securities Conference Hollywood, Florida May 18, 2006 IV. TICs and REITs The last two products that I would like to discuss this morning relate to real estate, which has been...