The Law Dictionary

PREPARATORY CONTRACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An agreement that is in anticipation of another subsequent contract that will supersede the terms of the earlier contract. In essence, the earlier contract is a commitment to a directly related to the formalization of a future agreement. With individual agreements, there may be a question as to whether such a preparatory contract is legally binding. The performance of a … [Read more...]

PUT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In pleading. To confide to; to rely upon; to submit to. As in the phrase, "the said defendant puts himself upon the country;" that is, he trusts his case to the arbitrament of a jury. … [Read more...]

PUT IN

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In practice. To place in due form before a court; to place among the records of a court. … [Read more...]

PUT OPTION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A type of market option contract where the owner of a commodity has an option (but not the obligation) to sell at a specified time and price. … [Read more...]

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