Cancelable Agreement
Contractual clause allowing one or both parties to terminate the agreement if a specified occurrence takes places. This is a cancellation clause, which allows the agreement to become null and void, thereby allowing the parties to end their duties. The cancellation stipulation protects the interest of each participant if one is damaged.
Popular Real Estate Terms
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Deed that states "love and affection" as the consideration for the gifted real estate. ...
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Latin term meaning legal capacity to act on behalf of oneself. ...
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Judicial order prohibiting a person or business from doing something. The court may issue this dictate when unlawful conduct or activity is occurring. ...
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