Future Contract - Law Dictionary Search Results

benefice. A contracting party's words or actions that indicate an intention not to perform the contract in the future; a threatened breach of contract, Black's Law Dictionary, 7th Edn., p. 1306.

Infant

always that this enactment shall not invalidate any contract into which an infant may by any existing or future statute, or by the rules of Common Law or Equity, enter, except such as now by law are

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The contract contains any other stipulation by penalty

Matched in: Term The contract contains any other stipulation by penalty

Take delivery

Take delivery, means to receive something pur-chased or order, especially, to receive a commodity under a future contract or spot-market contract, or to receive securities recently purchased, Black's Law Dictionary, 7th Edn., p. 1466.

anticipatory repudiation

anticipatory repudiation : a refusal by one party to a contract to perform his or her future obligations under the contract that is expressed either by a clear statement of refusal or by a statement

derivative

form of customized contracts transacted outside of security exchanges, while other contracts, such as standard index options and futures, are openly traded on such exchanges. Derivatives often involve a forward contract. adj 1 : arising out of

Appropriation of goods

Appropriation of goods, Upon a contract for sale of unascertained or future goods is an act identifying goods specifically with the contract. The appropriation may be made by either party

Letter of intent

Letter of intent, indicates the parties intention to enter into a contract with the other party in future and is not intended to find either party ultimately to enter into any contract, Dresser Rand S.A. v.

Potential

the future product of grain or trees already planted, or the successive future instalments or payments on a contract or engagement, already made.' In other words service which is not only extended to actual users but those … as extending in possibility but not in act'. Naturally and probably expected to come 'into existence at some future time, though not now existing; for example, the future product of grain or trees already planted, or the

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