UNDER-TENANT

A tenant under one who is himself a tenant; one who holds by underlease. One who holds by virtue of an underlease. See Subtenant. … [Read more...] about UNDER-TENANT

A promise, engager ment, or stipulation. Each of the promises made by the parties to a contract, considered independently and not as mutual, may. in this sense, be denominated an "undertaking." "Undertaking" is frequently used in the special sense of a promise given in the course of legal proceedings by a party or his counsel, generally as a condition to obtaining some … [Read more...] about UNDERTAKING

The phrase "it is understood," when employed as a word of contract in a written agreement, has the same force as the words "it is agreed." Higginson v. Weld, 14 Gray (Mass.) 165. … [Read more...] about UNDERSTOOD

In the law of contracts. This is a loose and ambiguous term, unless it be accompanied by some expression to show that it constituted a meeting of the minds of parties upon something respecting which they intended to be bound. But it may denote an informal agreement, or a concurrence as to its terms. … [Read more...] about UNDERSTANDING

See the undersigned; the persons or parties at the end of an agreement who sign the agreement. … [Read more...] about UNDERSIGNED