GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||
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10:37 Aug 13, 2004 |
English language (monolingual) [PRO] Law/Patents - Law: Contract(s) | ||||
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| Selected response from: Kim Metzger Mexico Local time: 11:31 | |||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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5 | party of the first part AND party of the second part // owner (seller) AND buyer |
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4 +1 | principal/client and contractor |
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party of the first part AND party of the second part // owner (seller) AND buyer Explanation: As per a contract in general Black's Law Dictionary The first two options are generally considered archaic. Mike :) |
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principal/client and contractor Explanation: The person issuing the contract is the principal, client or purchaser. The person agreeing to perform the service is the contractor or supplier. |
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