Examlex
What is entrepreneurship?
Close of Escrow
The finalization of a real estate transaction, where all conditions have been met and the property's title is transferred from the seller to the buyer.
Condition Subsequent
A condition in a contract that, when it occurs, terminates an existing obligation, making the contract's terms no longer binding.
Al Gore
A former Vice President of the United States who has been notably active in raising awareness about global warming and environmental issues.
Substantial Performance Standard
A legal principle that if a party has largely fulfilled its obligations under a contract, with only minor breaches, it is entitled to payment, minus damages for the breaches.
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