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LSDefine

Simple English definitions for legal terms

integrated contract

Read a random definition: cleanup 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 This means that any previous agreements or discussions are no longer valid and cannot be added to or changed.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 It can be one or more writings that fully express the intent of the parties, so that all earlier agreements are superseded.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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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.
babycat
11:37
Aw that’s so sweet Bulbasaur <3
11:39
@m10: stretching absolutely helps with tight tendons lol
11:39
now kiss
m10
11:40
@EvolBunny: Indeed! I am just riffing. Practicing for when I get into Chicago and do standup there on the weekends and get mad pussy.
11:40
You only do cardio on the weekends ;)
babycat
11:40
@m10: I have a friend that does this but he doesn’t get mad pussy
m10
11:40
I'll work that in! Sounds like a good way to segway.
m10
11:41
@babycat: yeah, well unlike 99.99% of people who do standup I will.
BulbasaurNoLikeCardio
11:41
To do stand up comedy you have to have fat balls, that is awesome
m10
11:41
Woah, I got little balls. Like Adam Friedland. I ain't no Stavros.
what are we hoping for today?
m10
11:44
Nothing. No news is good news for me.
11:44
Crickets coming from my status update
babycat
11:45
dk are we gonna go to a homoerotic law school together?
11:45
@m10: at undergrad froshers: https://www.youtube.com/watch?v=6YEarMyIAzs
m10
11:46
@EvolBunny: God damn, classic Randy.
babycat
11:48
Going to law school with you is even more fun than going to San Sebastian, Irún, Hendaye, Biarritz, Bayonne or being sick to my stomach on the Travesera de Gracia in Barcelona partly because in your orange shirt you look like a better happier St. Sebastian partly because of my love for you, partly because of your love for yoghurt partly because of the fluorescent orange tulips around the birches partly because of the secrecy our smiles take on before people and statuary
m10
11:49
Man, there is this girl I visit every month at this one restaurant who I used to go skinny dipping with naked like @ararara always talked about in San Diego. We randomly reconnected like two months ago at this place she works at and we talk a lot about John Steinbeck books. If I don't visit her this month, she might be sad. However, this is my first day not sick and I worry about getting her sick and I am broke. What should I do LSD?
m10
11:49
Thanks @babycat that means a lot!
m10
11:50
Glad we can both be content at Scalia law. One of my favorites.
you can ask her if she wants to risk getting sick
11:50
hi lsd
m10
11:50
I dont have her number or any social media. This is one of those regular kinda things in restaurant and bar culture.
11:50
berk td is unlikely so BERK MONDAY :eyes:
hi eggan :)
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