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Dictionary for "contract"

33 results

Dictionary 33

  • Dictionary

    right of first refusal

    The right of first refusal is a contractual right of a legal person or a person to accept a future (business) offer from another party before this offer can be presented to a third…

  • Dictionary

    Pub tenancy / pub lease

    …uncommon that someone operates someone else’s business. The contractual form in which this is done is a lease: a party leases the business from another party and runs it in his own…

  • Dictionary

    pledgee

    …position when the debtor goes into bankruptcy. Pledge contract in the Netherlands In the Netherlands, all assets can be encumbered by a pledge, apart from registered property.…

  • Dictionary

    Payment

    …agreement, the creditor can dissolve it due to breach of contract, as a result of which the creditor also acquires this right (to claim the entire debt).

  • Dictionary

    offer and acceptance

    …acceptance is the main requirement for the formation of a contract in the Netherlands. It is one of the most important principles in Dutch contract law. Contractual formation in…

  • Dictionary

    Notice of Default

    …reasonable time for compliance. If a debtor defaults on the contract and this default is not permanently infeasible, the creditor must first give him notice of default before the…

  • Dictionary

    Notice

    …prescribed in several areas of the law. Termination of a contract may, for example, have to be given in writing. The new labour legislation includes a notification obligation for…

  • Dictionary

    Liability

    …compensate the damage that has occurred. In terms of breach of contract, liability refers to compensating for damages in the event of non-performance of a contract. A person may be…

  • Dictionary

    Legal person / personality

    …rights and obligations. It can for example enter into contracts. For as far as property law is concerned a legal person is equal to a natural person, unless the law provides…

  • Dictionary

    Ipso facto provisions (WHOA)

    …373(3) of the Faillissementswet (Bankruptcy Act), these contractual provisions have no effect.