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Simple English definitions for legal terms

vital term

Read a random definition: ad culpam

A quick definition of vital term:

A vital term is a very important word or phrase in a contract that must be included for the contract to exist. It specifies an essential purpose of the contract, and if it is not fulfilled, the performance is considered defective. An implied term is a provision that is not expressly agreed to by the parties but is read into the contract by a court. A material term is a contractual provision dealing with a significant issue such as subject matter, price, payment, quantity, quality, duration, or the work to be done. A nonfundamental term is any contractual provision that is not regarded as a fundamental term. A term of years is a fixed period covering a precise number of years, and it can also refer to the period during which a court conducts judicial business.

A more thorough explanation:

A vital 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. In other words, it is a fundamental term that cannot be ignored or breached without serious consequences.

For example, in a contract for the sale of goods, the delivery date is a vital term. If the seller fails to deliver the goods on the agreed date, the buyer can terminate the contract and claim damages for any losses suffered as a result.

Another example is a lease agreement for a commercial property. The rent amount and payment schedule are vital terms. If the tenant fails to pay the rent on time, the landlord can terminate the lease and evict the tenant.

Overall, vital terms are crucial for the proper functioning of a contract and should be carefully negotiated and agreed upon by all parties involved.

vital statistics | vitilitigate

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
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
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