2014م - 1444هـ
Contract Law Dictionary



This is a specialized sub-listing of our comprehensive Law Dictionary, where we've grouped terms relevant to this topic. If your contract law word is not here, do a SEARCH using the search box above.

Ab Absurdo

Latin: an evidentiary suggestion or statutory interpretation that is, or leads to, an absurdity.

Acceleration Clause

A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately.

Acceptance

The final and unequivocal expression of assent to another's offer to contract.

Accord and Satisfaction

The act of one party, having complied with its contractual obligation, accepting some type of compensation from the other party (usually money and of a lesser value) in lieu of enforcing the contract and holding the other party to their original obligation.

Acquiescence

Action or inaction which binds a person legally even though it was not intended as such.