Legally Competent Parties

Business / Real Estate / Legally Competent Parties: People who are recognized by law as being able to contract with others, those of legal age and sound mind.

Other Words for Competent

Competent Adjective Synonyms: qualified, fit, capable, proficient, able, prepared
Competent Verb Synonyms: adequate, suitable, sufficient, satisfactory, acceptable, all right, OK, okay
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Legally Free

Life Style / Adoption / Legally Free: A child whose birth parents' rights have been legally terminated so that the child is 'free' to be adopted by another family. MORE

Capacity Of Parties

Business / Real Estate / Capacity Of Parties: The legal ability of people or organizations to enter into a valid contract. A person entering into a contract will have full, limited or no capacity to contract. MORE

Legally Competent Parties

Business / Real Estate / Legally Competent Parties: People who are recognized by law as being able to contract with others, those of legal age and sound mind. MORE

Counterparties

Business / Finance / Counterparties: In the balance of payments, counterpart items are analogous to unrequited transfers in the current account. They arise through the double-entry system in balance of payments accounting and refer to ad MORE

Escape Clause

Business / Real Estate / Escape Clause: 1. A contract provision relieving a party of liability for failure to perform, as where a stated contingency does not occur. If such a clause allows the party to cancel the contract for no reason what MORE

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