One entered into by both parties, on their own accounts, or in the several qualities they assume. It differs from an accessory contract. Vide Contract. … [Read more...]
PRINCIPAL OBLIGATION
That obligation which arises from the principal object of the engagement which has been contracted between the parties. It differs from an accessory obligation. For example, in the sale of a horse, the principal obligation of the seller is to deliver the horse; the obligation to take care of him till delivered is an accessory engagement. By principal obligation is also … [Read more...]
PRINCIPAL PLACE OF BUSINESS
The location of the headquarters of a company, the office where the books and records are kept and where the senior executives are situated. … [Read more...]
PRINCIPAL REGISTER
Trademark law. This is the principal list on which distinctive trademarks and service marks that are approved for federal regulation are placed and which acts as notice to third parties that a mark is protected. After five successive years where a mark is not challenged, it becomes permanently established and not able to be legally challenged. This also makes it easier to … [Read more...]
PRINCIPALIS
Latin: Principal; a principal debtor; a principal in a crime. Principalis debet semper excuti ante-quam perveniatur ad ndeijussores. The principal should always be exhausted before coming upon the sureties. 2 Inst 19. Principla data sequuntur concomitantia. Given principles are followed by their concomitants. Prineipla probarit, non probantur. Principles prove; they are not … [Read more...]