Forming a contract

The Prime Minister has defended the inclusion of foreign experts in the drafting of new laws.

the process of preparing a document

I signed a two-year lease shortly before moving into the flat.

the agreement (written or oral) that gives a person or business entity (the tenant) the right to possess or occupy property either for life, for a fixed period of time or for a period that may be ended at the will of one or both parties

Banks generally have standard loan agreements, and can often be unwilling to change the terms.

a contract between borrower and lender which sets out the terms and conditions for the loan

Historically, banks have been the most common type of lender.

person or entity by whom the loan is supplied to the borrower

A decision to price the initial shares below the cost to taxpayers would follow the usual Wall Street practice.

The vendor is required to provide certain information to prospective bidders.

a person who sells something; seller

It is therefore commonly presumed that a vendor only intended to make an invitation to treat.

An offer is deemed (=considered) accepted when the offeror has received an acceptance at the place and in the manner indicated.

the person who makes an offer

The offeree does not receive the right to exercise control over the managerial decisions of the company.

the person to whom an offer is made

The meaning of the words "full amount" was vague in the contract and was therefore interpreted differently by different parties.

not clear, obscure

As used in this section, 'total consideration paid or contracted to be paid' includes money or anything of value, paid or delivered or contracted to be paid or delivered in return for the sale.

payment made in exchange for performance of a contract; something of value given by one party to another in order to induce (=persuade, encourage, convince) the other to contract

The shares were issued at a premium above the nominal value of the shares.

the value assigned to a share as of the time shares are issued

It is a crime to transmit a disease with the intention of causing a serious injury.

your aim or objective in doing something

According to the doctor there is a rebuttable presumption as to his incompetence.

where a court assumes that something is true unless someone proves otherwise

After the subscription, shares were allotted to all subscribers.

to give someone or something a share of something that is available, especially for a particular purpose

The marriage contract was signed in front of two witnesses.

a person who sees a document being signed and signs it themselves to confirm this

Ownership in goods usually passes when the goods have been paid for.

the fact of owning something

She wants her name put back on the title deeds.

a legal document that is an official record of an agreement or official proof of title in real property (=ownership of land, a building or of another permanent construction)

He could only infer that the chemicals found in the storage locker were the same as those used to make the bomb.

to understand something by evidence or logical reasoning rather than from explicit statements

The text of the Constitution implies that each house must take all its decisions by majority vote.

to suggest that something is true, or that you think something is true, without saying it directly

Courts have found that hospitals enter into implied contracts with their patients.

indicated by actions, circumstances or statements but not explicitly stated

find by accident

regarding

interpreted

The provisions of the Act were construed narrowly by the court in the case of Pollard v. Pollard.

to construe actions or statements is to interpret these actions or statements in order to give them meaning

The preamble to the bill makes clear the law's intended purpose.

the introductory part of a legal document, stating its purpose, aims, and justification

Graham's career began in earnest when he emigrated to New Zealand to work as a catering consultant to the armed forces.

if something begins in earnest then it has already started but is now being done in a more serious, complete or formal way