contract language

[ctivnan]

Contract language uses many Latin terms. Here are a few of them for your reference:

QUID PRO QUO - something for something. Buyers and sellers exchange things, such as money for services.

CAVEAT EMPTOR - let the buyer beware. It is up to the buyer to inspect all goods.

CONSENSUS AD IDEM - agreed about the same thing. The contract does not exist until both parties agree on all the terms.

CONTRA PROFERENTEM - against the one supplying it. An interpretation of an unclear contract term is usually to the disadvantage of the party who wrote or supplied it.

PRIMA FACIE - at first view. A fact in the contract seems to be correct but may be proved wrong later.

NON EST FACTUM - not my act. A party may claim to have signed by mistake, or that the signature is not authentic.

from: Business Spotlight, July - Aug, 2006

[erik]

its a joy to add those words to my vocabulary

[cmo]

Contract language uses many Latin terms. Here are a few of them for your reference:

QUID PRO QUO - something for something. Buyers and sellers exchange things, such as money for services.

CAVEAT EMPTOR - let the buyer beware. It is up to the buyer to inspect all goods.

CONSENSUS AD IDEM - agreed about the same thing. The contract does not exist until both parties agree on all the terms.

CONTRA PROFERENTEM - against the one supplying it. An interpretation of an unclear contract term is usually to the disadvantage of the party who wrote or supplied it.

PRIMA FACIE - at first view. A fact in the contract seems to be correct but may be proved wrong later.

NON EST FACTUM - not my act. A party may claim to have signed by mistake, or that the signature is not authentic.

from: Business Spotlight, July - Aug, 2006



I was familiar with 2 above: quid pro quo and prima facie. The others are new for me.

:type:

[ctivnan]

its a joy to add those words to my vocabulary

That's good to know, erik! ^^

[ctivnan]

I was familiar with 2 above: quid pro quo and prima facie. The others are new for me.

:type:

Good to know that you have new words to digest, cmo! ^^

[Zahir]

These Latin terms are very useful, ctivnan!

:thankyou:

[Jason]

perpetual presence of latin words never stops to amaze me.
its everywhere (even my marlboro pack!)....
even the words that we use came from it (see Etymology)


somewhat makes me think that if english is the unversal language nowadays.... maybe latin was a universal language of its time.

same goes for greek and maybe hebrew

[patis]

may i add:

in situ = at the same place
ceteris paribus = holding everything else equal
carpe diem = seize the day (i doubt it would be in any contract forms)
bona fide = in good faith
ex post facto = after the fact, or in retrospect
a priori = beforehand. in philosophy it is used to denote deductive reasoning, i.e. to give the theory before proving it.
a posteriori = afterward. it is used in inductive reasoning.

[ctivnan]

perpetual presence of latin words never stops to amaze me.
its everywhere (even my marlboro pack!)....
even the words that we use came from it (see Etymology)


somewhat makes me think that if english is the unversal language nowadays.... maybe latin was a universal language of its time.

same goes for greek and maybe hebrew

:lol:

Yeah, Latin used to be the universal language and quite interestingly, there was a time when English grammar teachers taught English grammar by forcing themselves and their students to follow the Latin way, which was totally preposterous! hehehe!

[ctivnan]

may i add:

in situ = at the same place
ceteris paribus = holding everything else equal
carpe diem = seize the day (i doubt it would be in any contract forms)
bona fide = in good faith
ex post facto = after the fact, or in retrospect
a priori = beforehand. in philosophy it is used to denote deductive reasoning, i.e. to give the theory before proving it.
a posteriori = afterward. it is used in inductive reasoning.

Hiya Patis,

"In situ" and "ceteris paribus" are new ones for me. :thankyou:

[teddy_alterado]

it really helps and added to my vocabulary

[Kerlinda1]

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I really like this forum and want to spend some time with you in this forum.
I am a writer and if any one need any assistance or any type of support in this regard can contact any time....

Thanks.

[curtisjeser]

Property agreement terminology or terminology is different often from what you may be used to seeing in a personal cope. Detailed below are a few of these conditions. You should become acquainted with these conditions, what they mean, and how and why they are used in a professional actual property agreement.