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synallagmatic

synallagmatic [Greek synallagmatikos of a contract, from synallagmat- synallagama contract, covenant, from synallassein to enter into a contract, from syn- together with, at the same time as + allassein

sale

sale 1 a : the transfer of title to property from one party to another for a price ;also : the contract of such a transaction see also short compare barter, donation, exchange, gift absolute sale...

rescind

rescind [Latin rescindere to cut loose, annul, from re- away, back + scindere to cut, split] vt 1 : to take back and make void [ed its suspension of his license] 2 : to abrogate (a...

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privity

privity pl: -ties [Old French privité privacy, secret, from Medieval Latin privitat- privitas, from Latin privus private] 1 : the direct connection or relationship between parties to a contract or transaction (as a purchase) [ of...

lease

lease [Anglo-French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a : a contract by which an owner of property conveys...

in terrorem

produce terror] : by way of threat or intimidation : serving or intended to threaten or intimidate [overbroad covenants not to compete which have in terrorem effect on employees "J. D. Calamari and J. M. Perillo"] NOTE:

implied

court) as existing by reason of an inference and esp. on legal or equitable grounds [for breach of covenants in oil and gas leases "National Law Journal"] compare express im·pli·ed·ly [im-plī-əd-lē] adv

Yieldimg and paying

Yieldimg and paying, the first words of the reddendum clause in a lease. See REDDENDUM; Platt on Covenants.

Beneficial owner

Beneficial owner, See COVENANTS, TITLE FOR, and also s. 76 of the (English) L. P. Act, 1925, replacing s. 7, Conveyancing Act,

Executor

8, a sum may be set apart to meet future claims upon the estate in respect of the covenants in a lease assigned to a purchaser, etc. (4) Probate should be obtained within six calendar months after

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