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An advertisement. Something of value placed on a list of other items offered for sale. … [Read more...] about LISTING

By this term is understood the fixed amount which a party to an agreement promises to pay to the other, in case he shall not fulfill some primary or principal engagement into which he has entered by the same agreement it differs from a penalty. Vide Damages liquidated. 2. The damages will be considered as liquidated in the following cases: 1. When the damages are uncertain, and … [Read more...] about LIQUIDATED DAMAGES

A formal contract with a broker to sell or lease property at a certain price and with certain terms and which authorizes the broker to list the item so as to make the public aware of the availability of the property. Usually the broker will receive compensation that includes commission for the successful sale or lease of the item and may include other compensation. With regard … [Read more...] about LISTING AGREEMENT

A partnership that prevents each partner from being sued for personal liability due to the negligent acts committed by other partners or employees not under the partner's direct control. Most states limit the types of professionals who may form such entities which usually includes lawyers, accountants, healthcare providers and architects. … [Read more...] about LIMITED LIABILITY PARTNERSHIP (LLP)

A straight line relationship by blood, such as grandfather, father and son. … [Read more...] about LINEAL CONSANGUINITY