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Simple English definitions for legal terms
in nudis finibus contractus
Read a random definition: Uniform Durable Power of Attorney Act
A quick definition of in nudis finibus contractus:
Term: IN NUDIS FINIBUS CONTRACTUS
Definition: In the past, when people made agreements, they sometimes only used simple words to describe what they were agreeing to. This is called "in nudis finibus contractus." It means that the agreement was made in the bare terms of a contract, without any extra details or explanations.
A more thorough explanation:
IN NUDIS FINIBUS CONTRACTUS
In the bare terms of a contract.
[Law Latin] Hist.
Example 1: A and B agree to sell and buy a car for $10,000. They do not discuss any other terms or conditions of the sale. This is an example of a contract in nudis finibus.
Example 2: C agrees to provide consulting services to D for a fee of $5,000. They do not discuss the scope of the services or any other details. This is also an example of a contract in nudis finibus.
These examples illustrate the definition of in nudis finibus contractus, which means that the terms of the contract are only the bare minimum necessary for the agreement to be valid. In both examples, the parties agreed on a price but did not discuss any other important details, such as the condition of the car or the scope of the consulting services. This type of contract can be risky because it leaves many important details open to interpretation and can lead to disputes between the parties.