Examlex
Segregation of the races in the late nineteenth-century South resulted in declining violence against blacks.
Legal Liability
Refers to being legally responsible for damages or enforcement actions, arising out of one's actions or omissions under the law.
Offer
A proposal presented by one party to another as a basis for negotiation, intending to create a binding legal agreement upon acceptance.
Interim Agreement
A binding contract that will subsequently be put into a more formal document; usually referred to as an agreement of purchase and sale in a real estate transaction.
Binding Contract
A legal agreement between parties that is enforceable by law, where each party has specific obligations.
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