quasi contract
A quasi-contract, also called an implied-in-law contract, is a legal substitute for a contract. A quasi-contract is a contract that should have been formed, even though in reality it was not. It is used when a court wishes to create an obligation upon a non-contracting party to avoid injustice and to ensure fairness. To determine that Defendant is liable … Full Definition »
Law topic: Contract Drafting, Review & Negotiation << Legal issue: Contracts
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arbitrator
A private, neutral person chosen to arbitrate a disagreement, as opposed to a court of law. An arbitrator could be used to settle any non-criminal dispute, and many business contracts make provisions for an arbitrator in the event of a disagreement. In the United States, the American Arbitration Association (AAA) provides services to individuals and … Full Definition »
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