TIME BAR CLAUSE

A clause in a contract that states a specific time period and deadline for the parties to bringing legal action or file for arbitration. After the time period lapses, the parties are barred from bringing suit in a court of law or filing for arbitration. … [Read more...] about TIME BAR CLAUSE

A contract where a laborer or party is paid based upon a predetermine cost for materials purchased and rate for time spent on labor to fulfill a contract. … [Read more...] about TIME AND MATERIALS CONTRACT

Typically refers to the common rate paid for overtime work, which is calculated by taking the hourly work rate and adding an amount equal to 50% of the worker's hourly wages. … [Read more...] about TIME AND A HALF

(A) contracts, evidence, practice. The measure of duration. It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2. Time is frequently of the essence of contracts and crimes, and sometimes it is altogether immaterial. 3. Lapse of time alone is often presumptive evidence of facts which are otherwise unknown; an uninterrupted … [Read more...] about TIME

A service by which tenants were bound to carry timber felled from the woods to the lord's house. Cowell … [Read more...] about TIMBERLODE