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Definition of LAW • Law Dictionary • TheLaw.com
Legal definition for LAW: 1. That which is laid down, ordained, or established. A rule or method according to which phenomena or actions coexist or follow each other. 2. A system of principles and ru
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Definition of CONTRACT • Law Dictionary • TheLaw.com
Legal definition for CONTRACT: A contract is a legally binding agreement involving two or more parties that sets forth an exchange of promises of what each party will or will not do. A contract requir...
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Definition of AGREEMENT • Law Dictionary • TheLaw.com
Legal definition for AGREEMENT: A concord of understanding and intention, between two or more parties, with respect to the effect upon their relative rights and duties, of certain past or future facts...
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Definition of CONSIDERATION • Law Dictionary • TheLaw.com
Legal definition for CONSIDERATION: (A) Contracts. One of the three basic prime elements of a valid, binding contract. Consideration is the value or benefit for which the mutual promises are based upo...
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Definition of RIGHT • Law Dictionary • TheLaw.com
Legal definition for RIGHT: As a noun, and taken In an abstract sense, the term means justice, ethical correctness, or consonance with the rules of law or the principles of morals. In this significati...
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Definition of ACT • Law Dictionary • TheLaw.com
Legal definition for ACT: In its most general sense, this noun signifies something done voluntarily by a person; the exercise of an individual's power; an effect produced in the external world by an