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Simple English definitions for legal terms

collateral contract

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A quick definition of collateral contract:

A collateral contract is a type of agreement between two or more parties that creates obligations that can be enforced by law. It is a written document that sets forth the terms of the agreement. The term "contract" can refer to the series of actions taken by the parties, the physical document itself, or the legal relations resulting from the agreement. A contract is essentially a promise or set of promises that the law recognizes as a duty, and if broken, can be remedied. It is important to note that the term "contract" usually refers to the agreement, not the physical document.

A more thorough explanation:

A collateral contract is a type of contract that is related to another contract. It is a separate agreement between two parties that is made in addition to the main contract. The collateral contract is usually made to induce one of the parties to enter into the main contract.

For example, if a person is buying a car from a dealer, the dealer may make a collateral contract with the buyer to provide a warranty for the car. This is a separate agreement from the main contract of buying the car, but it is related to it because it provides additional protection for the buyer.

Another example of a collateral contract is when a contractor agrees to complete a construction project by a certain date. The contractor may make a collateral contract with the owner of the property to pay a penalty if the project is not completed on time. This is a separate agreement from the main contract of building the project, but it is related to it because it provides an incentive for the contractor to complete the project on time.

In both examples, the collateral contract is a separate agreement that is related to the main contract. It is made to provide additional protection or incentives for one of the parties involved in the main contract.

collateral consequence | collateral-contract doctrine

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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