Contract Enforcement

Null and Void
The term 'null and void' refers to something that cannot be legally enforced, such as a contract provision that does not conform to the law.
Time is of the Essence
A phrase in a contract signaling that all time-based obligations must be performed punctually and within the specified dates and times.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.