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LSDefine

Simple English definitions for legal terms

fundamental term

Read a random definition: civil investigative demand

A quick definition of fundamental term:

A fundamental term is a very important part of a contract that must be included for the contract to be valid. It is a rule that both parties must follow, and if one party doesn't follow it, the contract is broken. An implied term is a rule that is not written down but is still important. A material term is a rule that deals with important things like the price or quality of something. A nonfundamental term is a rule that is not as important. A term of years is a fixed period of time, like a lease on a house. A term of court is a period of time when a court is in session.

A more thorough explanation:

Definition: A fundamental term is a contractual provision that must be included for a contract to exist. It specifies an essential purpose of the contract, so that a breach of the provision through inadequate performance makes the performance not only defective but essentially different from what had been promised.

Examples: A fundamental term in a contract for the sale of a car would be the delivery date. If the seller fails to deliver the car on the agreed-upon date, it would be considered a breach of the fundamental term and the buyer could cancel the contract. Another example would be the price of a product in a sales contract. If the seller charges a different price than what was agreed upon, it would be a breach of the fundamental term and the buyer could take legal action.

Explanation: Fundamental terms are essential to the existence of a contract and are necessary for the parties to have a clear understanding of their obligations. Breaching a fundamental term can have serious consequences, such as canceling the contract or taking legal action. It is important for parties to clearly define and agree upon fundamental terms before entering into a contract.

fundamental law | fundamental trend

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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