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Simple English definitions for legal terms

integrated contract

Read a random definition: Separate sovereigns doctrine

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 This means that any previous agreements or discussions are no longer valid and cannot be added to or changed.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 It can be one or more writings that fully express the intent of the parties, so that all earlier agreements are superseded.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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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
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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