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collateral contract

División en sílabas: col·lat·er·al con·tract

Definición de collateral contract en inglés:

sustantivo

Law
A subsidiary contract that induces a person to enter into a main contract or that depends upon the main contract for its existence.
Example sentences
  • For all the reasons which I have already discussed, the relationship created by the letters of credit is separate from and independent of the underlying contracts, including the collateral contract pursuant to which they were opened.
  • It is not incorporated by a mere reference to the terms and conditions of the contract to which the arbitration clause constitute a collateral contract.
  • Side letters can constitute a variation of the main agreement or a collateral contract with terms distinct from those in the main agreement.

Definición de collateral contract en:

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Pronunciación: ɪnˈɡreɪʃɪeɪt
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