Related Entries of the International Encyclopedia:

1. International Contracts International Contracts in International Trade Meaning of International Contracts, according to the Dictionary of International Trade (Global Negotiator): International contracts refers to a legally binding agreement between parties, based in different countries, in which they are obligated to [...]...
2. Liquidated Damages In the United States For information about Liquidated damages in the context of international trade, click here Liquidated Damages in International Trade Meaning of Liquidated Damages, according to the Dictionary of International Trade (Global Negotiator): A sum of money that a contracting [...]...
3. Confidentiality Agreement Confidentiality Agreement in International Trade Meaning of Confidentiality Agreement, according to the Dictionary of International Trade (Global Negotiator): A type of contract used to protect sensitive technical or commercial information from disclosure to others. Such agreement is often [...]...
4. Subcontractor Subcontractor in International Trade Meaning of Subcontractor, according to the Dictionary of International Trade (Global Negotiator): An individual, business, or company a supplier contracts to deliver or carry out any part of the supplier's contract obligations....
5. Equity Joint Venture Equity Joint Venture (EJV) in International Trade Meaning of Equity Joint Venture (EJV), according to the Dictionary of International Trade (Global Negotiator): A type of joint venture in which two or more parties set up a separate legal company to act as the vehicle for carrying out the [...]...
6. Commission Sales Agreement Commission Sales Agreement in International Trade Meaning of Commission Sales Agreement, according to the Dictionary of International Trade (Global Negotiator): A type or contract, whereby a person or company acts as a sales agent on behalf of the exporting company (principal), introducing its [...]...
7. Offshoring Offshoring in International Trade Meaning of Offshoring, according to the Dictionary of International Trade (Global Negotiator): Offshoring occurs, when a company moves all or some of its activities to another country. When the costs of running a company are cheaper in another country, the [...]...
8. Licensor Licensor in International Trade Meaning of Licensor, according to the Dictionary of International Trade (Global Negotiator): A person or a company with exclusive legal rights over a thing that gives, sells or otherwise surrenders to another a limited right to use that thing. The person [...]...
9. Restitution Restitution in International Trade Meaning of Restitution, according to the Dictionary of International Trade (Global Negotiator): In law, remedy for a breach of contract by which the parties are restored to their original positions before the contract was made or the breach occurred. Damages [...]...
10. Export Entry Modes Export Entry Modes in International Trade Meaning of Export Entry Modes, according to the Dictionary of International Trade (Global Negotiator): In establishing export channels a company has to decide which functions will be the responsibility of external agents and which will be handled by [...]...
11. Title Transfer Title Transfer in International Trade Meaning of Title Transfer, according to the Dictionary of International Trade (Global Negotiator): The act of point in place or time at which ownership of a thing is passed from one person to another. In international trade, this is usually specified in [...]...
12. General Conditions of International Sale General Conditions of International Sale in International Trade Meaning of General Conditions of International Sale, according to the Dictionary of International Trade (Global Negotiator): It is a document that details the general conditions that a seller (exporter) offers to a buyer [...]...
13. Shipper Shipper in International Trade Meaning of Shipper, according to the Dictionary of International Trade (Global Negotiator): As the party who contracts for carriage, the party who enters in a contract of carriage with a carrier and pays the carrier is in a position to give the carrier handling [...]...
14. Transfer of Ownership Transfer of Ownership in International Trade Meaning of Transfer of Ownership, according to the Dictionary of International Trade (Global Negotiator): The act of point in place or time at which ownership of a thing is passed from one person to another. In international trade, this usually [...]...
15. Offer Summary of Offer In vessel charter transactions, synonymous with Firm Offer (read this and related legal terms for further details).(Main Author: William J. Miller) Best and Final Offer (BFO) in International Trade Meaning of Best and Final Offer (bfo), according to the [...]...
16. Boilerplate Clauses Boilerplate Clauses in International Trade Meaning of Boilerplate Clauses, according to the Dictionary of International Trade (Global Negotiator): Clauses that usually appear at the end of a contract. Sometimes they are referred to as the "miscellaneous" clauses. Such term refers to [...]...
17. Consignor The person or firm shown as shipper on the BILL OF LADING (read this and related legal terms for further details).......
18. Brokerage Agreement Brokerage Agreement in International Trade Meaning of Brokerage Agreement, according to the Dictionary of International Trade (Global Negotiator): A type or contract, whereby a person or company acts as a sales agent on behalf of the exporting company (principal), introducing its products to [...]...
19. Nvocc Nvocc in International Trade Meaning of Nvocc, according to the Dictionary of International Trade (Global Negotiator): Non-vessel-operating common carrier is company providing point-to-point international transport of goods although it does not necessarily operate or own transport vehicles or [...]...
20. Spot Market A market for commodities or currency in which the sale results in an immediate or nearly immediate exchange of the goods or instruments for cash, as compared with a futures market, which trades in contracts for the future delivery of the product.......
21. Offset Requirements Offset Requirements in International Trade Meaning of Offset Requirements, according to the Dictionary of International Trade (Global Negotiator): A type of counter trade transaction, in an offset contract, which may be required by an importer's government as a condition for approval of [...]...
22. Retention of Title Clause Retention of Title Clause in International Trade Meaning of Retention of Title Clause, according to the Dictionary of International Trade (Global Negotiator): A contract clause commonly used in international sale contracts whereby a seller declares his intention to retain title of ownership [...]...
23. Clauses Sue & Labor Clause in International Trade Meaning of Sue & Labor Clause, according to the Dictionary of International Trade (Global Negotiator): A provision in marine insurance obligating the assured to do things necessary after a loss to prevent further loss and to act in the best interests [...]...
24. Confirming Confirming in International Trade Meaning of Confirming, according to the Dictionary of International Trade (Global Negotiator): A financial service in which an independent company confirms an export order in the seller's country and makes payment for the goods in the currency of that [...]...
25. Warranty In marine insurance contracts, either an exemption from or limitation to the policy, or a promissory warranty whereby the insured agrees to do, or not to do, some particular act. Failure to adhere strictly to a promissory warranty may invalidate a contract of insurance, whether or not the [...]...
26. Caveat Emptor Caveat Emptor (Latin, "let the buyer beware"), principle applied in early common law that the buyer of defective goods could not hold the seller legally responsible. The theory of the early common law was based on the assumption that the buyer was able to examine the goods for any [...]...
27. Limitation Period Limitation Period in International Trade Meaning of Limitation Period, according to the Dictionary of International Trade (Global Negotiator): A maximum period set by statute within which a legal action can be brought or a right enforced. A statute may prohibit, for example, any individual or [...]...
28. Prescription Period Prescription Period in International Trade Meaning of Prescription Period, according to the Dictionary of International Trade (Global Negotiator): A maximum period set by statute within which a legal action can be brought or a right enforced. A statute may prohibit, for example, any individual [...]...
29. Distributor Distributor in International Trade Meaning of Distributor, according to the Dictionary of International Trade (Global Negotiator): An independent person or legal entity that sell goods locally on behalf of a principal. Distributors can be distinguished from agents as distributors buy the goods [...]...
30. Bilateral Trade Agreement Bilateral Trade Agreement in International Trade Meaning of Bilateral Trade Agreement, according to the Dictionary of International Trade (Global Negotiator): A formal agreement involving commerce between two countries. Such agreements sometimes list the quantities of specific goods that may [...]...
31. Buying Agent Buying Agent in International Trade Meaning of Buying Agent, according to the Dictionary of International Trade (Global Negotiator): An agent who purchases goods on behalf of foreign buyers. The buying agent represents and buy a specific kind of products within a specific territory, which can [...]...
32. CIM Transport Document CIM Transport Document in International Trade Meaning of Cim Transport Document, according to the Dictionary of International Trade (Global Negotiator): An internationally standardized freight document issued in rail transport. CIM stands for "Convention Internationale concernant le [...]...
33. Surveyor Surveyor in International Trade Meaning of Surveyor, according to the Dictionary of International Trade (Global Negotiator): An individual or company that acting as an independent third-party expert examines and ascertains the condition of goods or transport equipment (specially ships). [...]...
34. Counterfeit Counterfeit in International Trade Meaning of Counterfeit, according to the Dictionary of International Trade (Global Negotiator): Unauthorized representation of a registered trademark carried on goods identical or similar to goods for which the trademark is registered, with a view to [...]...
35. Legal Entity Legal Entity in International Trade Meaning of Legal Entity, according to the Dictionary of International Trade (Global Negotiator): And individual, proprietorship, partnership, corporation, association, or other organization that has, in the eyes of the law, the capacity to make a contract or [...]...
36. Terms of Sale Terms of Sale in International Trade Meaning of Terms of Sale, according to the Dictionary of International Trade (Global Negotiator): This expression refers to the price quotation for a specific product. It states the price for the product as a specified delivery location, sets the time of [...]...
37. Pre-shipment Inspection Pre-shipment Inspection (PSI) in International Trade Meaning of Pre-shipment Inspection (PSI), according to the Dictionary of International Trade (Global Negotiator): An inspection of contract goods prior to shipment so as to ascertain their quality, quantity or price. Importers may insist on [...]...
38. License Agreements License Agreements in International Trade Meaning of License Agreements, according to the Dictionary of International Trade (Global Negotiator): A contractual arrangement in which the licensor's patents, trademarks, service marks, copyrights or know-how may be sold or otherwise made [...]...
39. After-sale Service Definition of After-sale Service in International Trade The following is a concept of After-sale Service in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A collective term for attention to a transaction that normally takes place after [...]...
40. Licensee Licensee in International Trade Meaning of Licensee, according to the Dictionary of International Trade (Global Negotiator): A person to whom a license has been granted to use someone else's specified thing such usually of intellectual property (trademark, patents, know how). The person [...]...
41. Trade Terms Trade Terms in International Trade Meaning of Trade Terms, according to the Dictionary of International Trade (Global Negotiator): The terms of a sale. The setting of responsibilities of the buyer and the seller in a sale, including: sale price, responsibility for shipping, insurance and [...]...
42. Currency Future Currency Future in International Trade Meaning of Currency Future, according to the Dictionary of International Trade (Global Negotiator): A contract for the future delivery of a commodity, currency, or security on a specific date. In contrast to forward contracts, future contracts are for [...]...
43. Terms and Conditions Terms and Conditions (Ts & Cs) in International Trade Meaning of Terms and Conditions (Ts & Cs), according to the Dictionary of International Trade (Global Negotiator): The terms and conditions that detail the rules that apply to fulfilling a particular contract and that form an integral part [...]...
44. Tort Damages Contract Damages vs. Tort Damages: Main Elements The coverage of Contract Damages vs. Tort Damages includes the following element(s): Other Remedies for Breach of Contract For detailed information on this issue, please read the corresponding entry. References See Also Contracts (in [...]...
45. Letter of Intent Real Estate meaning of Letter of IntentIn the words of the Encyclopedia of Real Estate Terms about Letter of Intent: A letter, note or memorandum setting out a clear intention to take a certain course of action or to enter into a formal agreement. In particular, a letter or other form of [...]...
46. Dangerous Goods Dangerous Goods in International Trade Meaning of Dangerous Goods, according to the Dictionary of International Trade (Global Negotiator): Articles or substances which are capable of posing a significant risk to health, safety, o property when transported by air and which are classified [...]...
47. Commission Agent Commission Agent in International Trade Meaning of Commission Agent, according to the Dictionary of International Trade (Global Negotiator): An international agent who is paid a percentage of the sales he or she generates. The Agent offers products to potential clients in an assigned territory [...]...
48. Cost, Insurance and Freight (CIF) Cost, Insurance and Freight in International Trade Meaning of Cif Cost, Insurance and Freight, according to the Dictionary of International Trade (Global Negotiator): In this Incoterms, the seller has the same obligations as under CFR but with the addition hat he has to procure marine [...]...
49. International Procurement International Procurement in International Trade Meaning of International Procurement, according to the Dictionary of International Trade (Global Negotiator): The process of allowing firms around the world to bid on contracts for goods and services. The concept has gained popularity as [...]...
50. Maintenance Maintenance in International Trade Meaning of Maintenance, according to the Dictionary of International Trade (Global Negotiator): The work of keeping something in proper condition, care or upkeep including: taking steps to avoid something breaking down (preventative maintenance) and bringing [...]...
51. Salvage Loss Salvage Loss in International Trade Meaning of Salvage Loss, according to the Dictionary of International Trade (Global Negotiator): A method of insurance adjustment where the underwriter pays the difference between the amount of insurance and the net proceeds of the sale of damaged goods. It [...]...
52. Cost and Freight (CFR) Cost and Freight in International Trade Meaning of Cost and Freight, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CFR the seller must pay the costs and freight necessary to bring the goods to named port of destination but the risk of loss and [...]...
53. Statement of Work Statement of Work (SOW) in International Trade Meaning of Statement of Work (sow), according to the Dictionary of International Trade (Global Negotiator): A Statement of Work is a document that describes what needs to be done in the agreed contract. Usually, the SOW is written in a precise and [...]...
54. Consignment Contract Consignment Contract in International Trade Meaning of Consignment Contract, according to the Dictionary of International Trade (Global Negotiator): A contract by which a seller (consignor) delivers goods to an individual or entity (consignee) that will sell them. For goods sold, the consignee [...]...
55. Contract Guarantee Contract Guarantee in International Trade Meaning of Contract Guarantee, according to the Dictionary of International Trade (Global Negotiator): An agreement by a third party to be responsible for the performance of a contracting party. There are three major types of contract guarantee: tender [...]...
56. Computer Aided Manufacturing Resources See Also Industry Industrial Unionism Labor Law Industrial Disputes Business Law...
57. Contract Introduction to Contract Contract, in law, an agreement that creates an obligation binding upon the parties thereto. The essentials of a contract are as follows: (1) mutual assent; (2) a legal consideration, which in most instances need not be pecuniary; (3) parties who have legal capacity [...]...
58. Contract Law Legal History of Contract Law Contracts in Ancient Greek Law See the main entry of this legal history topic. Contracts in Ancient Roman Law See the main entry of this legal history topic. Contracts in Byzantine Law See the main entry of this legal history topic. Contracts in Chinese [...]...
59. Capacity to Contract Capacity to Contract • Barriers to Contract--you either have the right to contract or not ? Analogous to Civil Procedure: either have standing or not. ? Constitutional Law: citizenship barriers. Graded (resident aliens, etc..), but sets up right to 'enter' legal system vs. not. [...]...
60. Contract Carriage Read Carrier as cross-reference......
61. Contract Demurrage Liquidated damages payable by a charterer to a vessel owner for holding up the ship beyond the time allocated in the charter party. The rate of demurrage is stipulated in the charter party, and is calculated on a per day or per hour basis.......
62. Contract Of Affreightment Contract Of Affreightment Summary of Contract Of Affreightment A contract, between the shipper of goods and a transport company, specifying the terms and conditions under which a given lot of merchandise is to be moved. The contract is usually evidenced by a bill of lading containing the [...]...
63. Contract Rate In the steamship industry, the freight rate applicable to goods shipped by a firm that has executed an exclusive patronage contract (read this and related legal terms for further details) with a Conference (...
64. Contract Shipper A merchant that has executed an Exclusive Patronage Contract (read this and related legal terms for further details) with a shipping conference, thereby agreeing to ship all its goods aboard vessels of steamship lines th......
65. Contract Types Types of ContractsIntroduction to Contract TypesContracts are often classified as either contracts by specialty or simple contracts. Another class of obligations, sometimes referred to as contracts of record, are conclusive legal obligations created by the judgment or order of a co......
66. Contract Term Definition of As is in International Trade The following is a concept of As is in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A contract term by which the buyer of goods takes them in the condition they are in without any warranties [...]...
67. Contract Theories In the United States For information about Contract theories in the context of international trade, click here...
68. Carriage Contract Carriage Contract in International Trade Meaning of Carriage Contract, according to the Dictionary of International Trade (Global Negotiator): An agreement between a carrier and another party for transportation. The other party will normally be the seller (or seller's agent) with freight [...]...
69. Contract Laws Licenses and Contracts in the Context of Internet Law Read, in this legal Encyclopedia, about the topic of this section, and, specially, about Drafting Agreements in Light of Model and Uniform Contract Laws: UCITA, the UETA, Federal Legislation and the EU Distance Sales Directive...
70. Manufacturing License Agreement Manufacturing License Agreement in International Trade Meaning of Manufacturing License Agreement, according to the Dictionary of International Trade (Global Negotiator): This type of contract establishes a relationship between two companies, Licensor and Licensee, whereby the Licensor grants [...]...
71. Original Equipment Manufacturing Original Equipment Manufacturing in International Trade Meaning of OEM (Original Equipment Manufacturing), according to the Dictionary of International Trade (Global Negotiator): Type of contract whose purpose is to offer a guarantee to foreign companies subcontracting their manufacturing in [...]...
72. Contract Lobbyist Concept of Contract Lobbyist Note: explore also the meaning of this legal term in the American Ecyclopedia of Law. Resources See Also Political Participation Interest Groups Lobbying...
73. Contract Contents The Contents of the Contract Find out, in this world legal encyclopedia, additional information relating to The Contents of the Contract....
74. Contract Negotiation Contents of Contract Negotiation Contents of this subject matter include: Written and oral contracts Sham transactions and estoppel The parol evidence rule Pre-contract negotiations and rectification Non est factum Umbrella agreements The negotiation of deals The role of pre-contract [...]...
75. Contract Administration Literature Review on (Contracting) Labor Relations and Contract Administration In the Encyclopedia of Public Administration and Public Policy, [1] D.S. Chauhan offers the following summary about the topic of (Contracting) Labor Relations and Contract Administration: The impact of [...]...
76. Computer Integrated Manufacturing Resources See Also Industry Industrial Unionism Labor Law Industrial Disputes Business Law...
77. Illicit Manufacturing ContentsIllicit ManufacturingInter-American Convention Against the Illicit Manufacturing of and Trafficking in FirearmsIn relation to Inter-American Treaties, Conventions and Agreements adopted ... Read more...
78. Manufacturing Clause A provision of U.S. copyright law which restricts importation of certain printed materials not manufactured in the United States. The manufacturing clause was incorporated into U.S. copyright law in 1891 as a means of preserving employment in the American printing industry; since that time, the law......
79. Manufacturing Law Manufacturing Law......
80. C.I.F. Contract Definition of C.I.F. ContractIn accordance with the work A Dictionary of Law, this is a description of C.I.F. Contract : C.I.F. contract (cost. insurance. freight contract) A type of contract for the international sale of goods by which the seller agrees not only to supply the goods but also to [...]...
81. Manufacturing Agreement The Legal History of Manufacturing AgreementThis section provides an overview of Manufacturing Agreement ResourcesSee AlsoLegal Biography Legal Traditions Historical Laws History of Law Further Reading Manufacturing Agreement in the Oxford International Encyclopedia of Legal History (Oxford [...]...
82. Manufacturing In the United States For information about Manufacturing in the context of international trade, click here Resources See Also Industry Industrial Unionism Labor Law Industrial Disputes Business Law Resources See Also Further Reading Information about Manufacturing in the Encyclopedia of [...]...
83. American Manufacturing Clause Synonymous with MANUFACTURING CLAUSE.......
84. Forward Exchange Contract An agreement to exchange, at a specified future date, a fixed number of units of one currency for a fixed number of units of another currency. Such contracts are often procured by merchants when they must settle future accounts in a foreign currency and wish to protect against possible losses [...]...
85. Turnkey Contract Turnkey Contract and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Turnkey Contract: An arrangement under which a contractor assumes responsibility to a client for constructing productive installations and [...]...
86. Substantial Manufacturing Operation In the United States For information about Substantial manufacturing operation in the context of international trade, click here...
87. Business Cooperation Contract Business Cooperation Contract (BCC) in International Trade Meaning of Business Cooperation Contract (BCC), according to the Dictionary of International Trade (Global Negotiator): An agreement by two companies to work together for mutual benefit, but without a long-term binding contract. Either [...]...
88. Expatriate Contract Expatriate Contract in International Trade Meaning of Expatriate Contract, according to the Dictionary of International Trade (Global Negotiator): Changes in the world economy have made most of the jobs for executives and managers focus on the so-called emerging countries (China, India, [...]...
89. Export Contract Export Contract in International Trade Meaning of Export Contract, according to the Dictionary of International Trade (Global Negotiator): The export contract is used for the international sale of certain products (industrial supplies, raw materials, manufactured goods), which are projected [...]...
90. Future Contract Future Contract in International Trade Meaning of Future Contract, according to the Dictionary of International Trade (Global Negotiator): A contract for the future of delivery of a commodity, currency or security on a specific date. Currency future contracts are for standard quantities over [...]...
91. Import Contract Import Contract in International Trade Meaning of Import Contract, according to the Dictionary of International Trade (Global Negotiator): The import contract is suitable when a company is buying goods from abroad by way of import in the course of a business to business transaction. The [...]...
92. Integrated Contract Integrated Contract in International Trade Meaning of Integrated Contract, according to the Dictionary of International Trade (Global Negotiator): A contract that states every provision to which the parties intend to agree. Parol evidence cannot be used to change or supplement the provisions [...]...
93. International Sales Contract International Sales Contract in International Trade Meaning of International Sales Contract, according to the Dictionary of International Trade (Global Negotiator): An agreement between a seller and a buyer for the sale of goods. The contract should, at a minimum, identify the seller and [...]...
94. Logistic Services Contract Logistic Services Contract in International Trade Meaning of Logistic Services Contract, according to the Dictionary of International Trade (Global Negotiator): The logistics contract regulates relations between the companies that provide these services – known as logistics operators [...]...
95. Open-end Contract Open-end Contract in International Trade Meaning of Open-end Contract, according to the Dictionary of International Trade (Global Negotiator): A contract by which the buyer may purchase the seller's goods at any time within a specified period without changes in the price or other contract terms....
96. Supply Contract Supply Contract in International Trade Meaning of Supply Contract, according to the Dictionary of International Trade (Global Negotiator): An agreement by which a seller promises to supply all of the specified goods or services that a buyer needs over a certain time and at a fixed price, and [...]...
97. Unenforceable Contract Unenforceable Contract in International Trade Meaning of Unenforceable Contract, according to the Dictionary of International Trade (Global Negotiator): A contract that is valid, but which the court will not enforce because of some defect such as nondisclosure, an extraordinary event or other [...]...
98. Voidable Contract Voidable Contract in International Trade Meaning of Voidable Contract, according to the Dictionary of International Trade (Global Negotiator): A contract that is valid but that can be declared invalid at the request of one of the parties because of a defect or illegality in making it. For [...]...
99. Commutative Contract Resources See Also Contract...
100. Consensual Contract Resources See Also Contract...
101. Contract Implied in Fact Resources See Also Contract...
102. Contract Implied in Law Resources See Also Contract...
103. Constructive Contract Resources See Also Contract (Quasi contract)...
104. Contract of Sale Resources See Also Property Resources See Also Contract for deed Contract for sale of land...
105. Contract for Sale of Land Resources See Also Contract for deed Contract of sale...
106. Commodity Futures Contract Resources See Also Futures contract...
107. Contract of Guaranty Resources See Also Guaranty...
108. Completed Contract Method Resources See Also Percentage of completion method...
109. Conditional Sale Contract Resources See Also Sale...
110. Contract Labor Resources See Also Legal System Judiciary Justice...
111. Contract Farming Resources See Also Rural Development Rural Community Land Law Farm Agricultural Law Agriculture...
112. Uniform Rules for Contract Guarantees Uniform Rules For Contract Guarantees (URCG) in International Trade Meaning of Uniform Rules For Contract Guarantees (urcg), according to the Dictionary of International Trade (Global Negotiator): The International Chamber of Commerce (ICC) has established a set of contractual rules that may [...]...
113. Inter-American Convention Against the Illicit Manufacturing of and Trafficking in Firearms ContentsInter-American Convention Against the Illicit Manufacturing of and Trafficking in FirearmsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in ... Read more...
114. Tie-In Contract An arrangement by which a desired product (tying product) can be purchased only upon agreement to purchase certain other products (tied products). Tie-in contracts are largely forbidden by the antitrust Clayton Act. ......
115. F.O.B. Contract Definition of F.O.B. ContractIn accordance with the work A Dictionary of Law, this is a description of F.O.B. Contract : (free on board contract) A type of contract for the international sale of goods in which the seller's duty is fulfilled by placing the goods on board a ship. There are [...]...
116. Exclusive Patronage Contract Also known as a merchant's contract or shipper's rate agreement, an agreement whereby a shipper of goods by water agrees to ship all his cargo over a given trade route aboard carriers that are member lines of the steamship CONFERENCE (read th......
117. Management Contract An arrangement whereby a firm manages or operates a foreign plant on behalf of its local owners in return for a stipulated fee or percentage of the profits.......
118. Merchant's Contract In steamship usage, a Loyalty Agreement (read this and related legal terms for further details).......
119. Breach of Contract Breach of Contract, in law, failure, deliberate or unintentional, without legal justification, to comply with the terms of a contract. In certain cases, however, if the contractor has acted in good faith and has performed substantially all obligations, the courts have held that mere deviation [...]...
120. Social Contract Political Theory: The Social Contract Introduction to Social Contract The English philosopher Thomas Hobbes also stressed governmental power. His major work, Leviathan (1651), argued that the sovereign's power should be unlimited, because the state originated in a so-called social contract, [...]...