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Simple English definitions for legal terms

collateral contract

Read a random definition: leges de imperio

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

General

General chat about the legal profession.

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BulbasaurNoLikeCardio

11:26

@babycat: got to keep those legs flexible so you don't pull anything, I need to get back into yoga to release and stretch out tension in my muscles. Stretching is where I fail the most with fitness

renard99

11:26

This song came out today and I think I legit have listened to it like 50

renard99

11:26

Times already

1a2b3c4d26z

11:26

Need to stretch more

renard99

11:26

https://open.spotify.com/track/7eQcHBM7LiHlXZSTglaB18?si=EIpsSyTLQLCkB6-jC5ft6g&context=spotify%3Aalbum%3A2fYQ2TlKQkgRGpNq7AumTF

1a2b3c4d26z

11:27

Run this morning felt like legs were made of goop

glovediedthisishismom

11:27

a secret home remedy for chapped lips is to lick them. your saliva will moisten the lips and relieve the chapping

EvolBunny

11:27

@JumpySubsequentDolphin: https://www.hss.edu/article_hip-flexor-stretch.asp

1a2b3c4d26z

11:27

Sometimes I think I write like rorschach from watchmen

EvolBunny

11:28

@glovediedthisishismom: just bite your lip,. gives good brain feel when peelin the dry skin

babycat

11:28

yeah it’s insane how much better hip flexor stretches can make you feel sometimes

EvolBunny

11:28

Probably the most important long term mobility thing you can do

1a2b3c4d26z

11:28

Pigeon stretch GOAT

1a2b3c4d26z

11:29

Stretching was probably the biggest factor in becoming elite in my sport tbh

1a2b3c4d26z

11:29

well mobility in general

m10

11:29

Nah you wanna be wound up tight like a clock. All your parts working in synchronization, never missing a second.

BulbasaurNoLikeCardio

11:30

When I get home I think I will pull up a youtube yoga video and lay out the mat by the fireplace now, feeling guilty I haven't been stretching properly

1a2b3c4d26z

11:30

tighter you are, more potential energy you have. Your body is a spring. It's just physics

m10

11:30

Exactly.

JumpySubsequentDolphin

11:30

yoga classes stress me out

WorthlessAttractiveZombie

11:31

W&L put their scholarship info on the portal for those who were admitted 11/12

m10

11:31

Gotta always be ready to release that energy. Like if I am in a fight at the bar, I just gotta bust out a couple punches. No stretching.

JumpySubsequentDolphin

11:31

the instructor will be like "forget all of the things that youre stressing about" which reminds me of all of the things im stressing about

BulbasaurNoLikeCardio

11:32

I am too competitive to do yoga classes with other people. Try to stretch better or further then hurt myself lmao I am beyond competitive in anything physical.

babycat

11:32

if you guys all pay me to be your lsat tutor I can afford to do Pilates classes

JumpySubsequentDolphin

11:32

hot yoga was fun

JumpySubsequentDolphin

11:32

i loved barre and pilates when i did them together

m10

11:33

Here's an article from Testosterone nation for all you men out there on why stretching is bullshit. https://archive.t-nation.com/training/stretching-is-b-s/

snow

11:36

M so close to crashing out

BulbasaurNoLikeCardio

11:36

@babycat: If the person I am mentoring decides to listen to my advice instead of just discussing my advice I will pay you to tutor her. You seem like a smart, good and well put together person that she can probably learn well from.

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