In an aleatory contract, the parties do not have to perform a particular action until a specific event occurs, such as natural disasters and death.
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In an aleatory contract, the parties do not have to perform a particular action until a specific event occurs, such as natural disasters and death.
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In an aleatory contract, the parties do not have to perform a particular action until a specific event occurs, such as natural disasters and death.
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In an aleatory contract, the parties do not have to perform a particular action until a specific event occurs, such as natural disasters and death.
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Looking for information on Aleatory Contract? IRMI offers the most exhaustive resource of definitions and other help to insurance professionals found anywhere. Click to go to the #1 insurance dictionary on the web.
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With an aleatory contract, parties don't have to perform an action unless a certain event occurs. Learn more about how to manage them.
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With an aleatory contract, parties don't have to perform an action unless a certain event occurs. Learn more about how to manage them.
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With an aleatory contract, parties don't have to perform an action unless a certain event occurs. Learn more about how to manage them.
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With an aleatory contract, parties don't have to perform an action unless a certain event occurs. Learn more about how to manage them.
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Aleatory Contract is one of the several terms that are technically related to corporate finance and accounting. Read on to know the definition, what Aleatory Contract is, and how it works in reality.
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This article is written by Shruti Nair, pursuing Diploma in Advanced Contract Drafting, Negotiation, and Dispute Resolution from LawSikho. Table of Contents IntroductionWhat is an aleatory contract?Understanding aleatory contractsCharacteristics of aleatory contract Insurance policy as an aleatory contractWho takes an aleatory contract?Contents of aleatory contractPoints to consider for drafting an aleatory contractRemedies in case of violation […]
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This article is written by Shruti Nair, pursuing Diploma in Advanced Contract Drafting, Negotiation, and Dispute Resolution from LawSikho. Table of Contents IntroductionWhat is an aleatory contract?Understanding aleatory contractsCharacteristics of aleatory contract Insurance policy as an aleatory contractWho takes an aleatory contract?Contents of aleatory contractPoints to consider for drafting an aleatory contractRemedies in case of violation […]
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This article is written by Shruti Nair, pursuing Diploma in Advanced Contract Drafting, Negotiation, and Dispute Resolution from LawSikho. Table of Contents IntroductionWhat is an aleatory contract?Understanding aleatory contractsCharacteristics of aleatory contract Insurance policy as an aleatory contractWho takes an aleatory contract?Contents of aleatory contractPoints to consider for drafting an aleatory contractRemedies in case of violation […]
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This article is written by Shruti Nair, pursuing Diploma in Advanced Contract Drafting, Negotiation, and Dispute Resolution from LawSikho. Table of Contents IntroductionWhat is an aleatory contract?Understanding aleatory contractsCharacteristics of aleatory contract Insurance policy as an aleatory contractWho takes an aleatory contract?Contents of aleatory contractPoints to consider for drafting an aleatory contractRemedies in case of violation […]
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This definition explains the meaning of Aleatory Contract and why it matters when it comes
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An aleatory contract is a contract whose execution or performance is contingent upon the occurrence of a particular event or contingency or an uncertain (random) event beyond the control of either
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an agreement that is connected with an event that is not under someone's…
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Definition of aleatory contract in the Legal Dictionary by The Free Dictionary
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Definition, Synonyms, Translations of aleatory contract by The Free Dictionary
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What is an Aleatory Contract? An aleatory contract is an agreement in which one of the parties, or both the parties reciprocally, are uncertain as to their
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What is an aleatory contract? How can a contract be linked to a future uncertain event? Is an insurance contract an aleatory contract?
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A contract type in which the parties involved do not have to perform a particular action until a specific event occurs.
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ALEATORY CONTRACTA mutual agreement between two parties in which the performance of the contractual obligations of one or both parties depends upon a fortuitous event.The most common type of aleatory contract is an insurance policy in which an insured pays a premium in exchange for an insurance company's promise to pay damages up to the face amount of the policy in the event that one's house is destroyed by fire. The insurance company must perform its obligation only after the fortuitous event, the fire, occurs. Source for information on Aleatory Contract: West's Encyclopedia of American Law dictionary.
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A contract in which there is an unequal exchange between parties because the element of chance is involved in performance under the contract.
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