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Simple English definitions for legal terms

integrated contract

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A quick definition of integrated contract:

An integrated contract is a final written agreement that includes all the terms of a deal. This means that any previous agreements or discussions are no longer valid and cannot be added to or changed. It is like putting all the pieces of a puzzle together to make a complete picture. There are two types of integration: complete and partial. Complete integration means that everything is included in the written agreement, while partial integration means that some things are left out and can be clarified with additional evidence. Integrated contracts are used in various fields, such as contracts, wills, and antitrust laws.

A more thorough explanation:

An integrated contract is a final expression of one or more terms of an agreement. It can be one or more writings that fully express the intent of the parties, so that all earlier agreements are superseded. This means that neither party may later contradict or add to the contractual terms.

For example, if two companies sign an integrated contract for the sale of goods, the contract will contain all the terms of the agreement, and neither party can later claim that there were additional terms that were not included in the contract.

There are two types of integration: complete integration and partial integration. Complete integration is when the contract fully expresses the intent of the parties, and parol evidence (evidence outside the contract) is inadmissible. Partial integration is when the contract does not fully express the parties' intent, and parol evidence is admissible to clear up ambiguities with respect to the terms that are not integrated.

Another example of integration is in the context of wills and estates. When a testator combines more than one writing into a single document to form their last will and testament, it is called integration. The other writing must be present at the time of execution and intended to be included in the will.

Integration can also refer to the incorporation of different races into existing institutions, such as public schools, for the purpose of reversing the historical effects of racial discrimination. This is known as desegregation.

In the business context, integration can refer to a firm's acquisition of ownership of facilities that produce raw materials or parts for the firm's products. This is called backward integration. It can also refer to a firm's performance of a function that it could have obtained on the open market, such as entering a new market on its own, acquiring a firm that operates in a secondary market, or entering into a contract with a firm that operates in a secondary market. This is called vertical integration.

Finally, in securities law, integration refers to the requirement that all security offerings over a given period are to be considered a single offering for purposes of determining an exemption from registration. The Securities and Exchange Commission and the courts apply five criteria to determine whether two or more transactions are part of the same offering of securities.

integrated bar | integrated property settlement

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19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
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19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
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20:37
Anyone got any polymarket locks
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20:37
Is anyone in here cool like fr cool
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20:37
Like watch college football cool
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20:37
Or like
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20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
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20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
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20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
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