Intent | Will in relation to goal |
Letter of Intent | Usually a preliminary agreement of the parties with regard to main agreement –> general, non-binding intention of the parties to conclude a main contract (s. Chapter 3.10) |
Offer | Offer of services or goods to conclude a contract |
Acceptance | Acceptance of an offer of services or goods |
Consideration | «Consideration» in the Anglo-American legal area makes a concluded contract effectively enforceable. Consideration is the agreement of an effective exchange of performance and counter performance (–> consideration; does not have to be equal) |
Contract Agreement | Synonyms; «Contract» is in my opinion more formal. |
Single signature | The general power according to the Swiss Commercial Register by which someone may conclude legal transactions alone on behalf of a company. |
Joint signature | The general power according to the Swiss Commercial Register by which someone may conclude legal transactions for a company only together with another person with a single signature or a joint signature. |
Notarisation | Confirmation of a fact, e.g. a legal transaction (in Switzerland e.g. purchase of land), by a person authorised by the state –> notary or notary public. |
B2C | Legal relationship between a commercial supplier and a consumer |
B2B | Legal relationship between two commercial providers or demanders |
VAT | Value Added Tax (for Switerland s. https://www.estv.admin.ch/estv/en/home/mehrwertsteuer/fachinformationen/was-ist-die-mehrwertsteuer.html) |
NDA | Non-Disclosure Agreement (s. Chapter 03.10) |
NUA | Non-Use Agreement (s. Chapter 03.10) |
IP, IPR | Intellecutal Property, Intellectual Property Rights (s. Chapter 10) |
Liability | Liability for damage (≠ guarantee = liability for a defect) (s. Chapter 7.01) |
Force majeur | Event affecting a contract from outside (s. Chapter 3.08) |
Entire Agreement | Contractual clause stating that there are no other agreements outside the contract on a certain subject matter or that such agreements are cancelled with the contract –> everything that the parties want to agree on a certain subject matter of the contract is included in the contract (s. Chapter 03.08) |
Applicable law | Law applicable to a legal relationship |
Court of jurisdiction | The court responsible for the decision in a legal dispute |
Battle of the forms | Legal disputes because both or all contracting parties want to apply their general terms and conditions (GTC) –> risk of contradictions between the GTCs |
Dispostive law | Contractual rules that only apply if the parties have not agreed otherwise. |
Treaty | Term for an intergovernmental agreement (treaty between governments or countries). |
Convention | Term for an intergovernmental agreement (agreement between governments or countries) (e.g. at the ILO, cp. chapter 04.03 International Labour Organiziation) |