Chapter 12 of Practical Contract Law for Paralegals
Subsequent agreement
A separate, later agreement that changes or modifies the original agreement
ADR
To settle a dispute other than by litigation, including arbitration and mediation
Notary Public
Person authorized by state to administer oaths, certify documents, attest to the authenticity of signatures, and perform other official acts
Self-Proving Document
Complies with formalities and can serve as testimony in court
Defined Term
Short-hand way of referring to a person, place, thing, or event that might otherwise require a lengthy description
Recitals
Short statements that provide background or explain the reasons for the contract; not technically part of a contract
Incorporation by reference
A reference to an outside document, making that document part of a contract
Boilerplate
Standard terms included in most contracts
Construction Rules of
Rules that are applied to resolve contract disputes and to determine parties’ intentions
Merger Clause
Contract provision stating that the document is the complete and final statement of agreement
Record
To record a document is to file it with the official charged with keeping documents such as deeds and judgments
Parol Evidence rule
A writing, intended by the parties to be a final embodiment of their agreement, cannot be modified by evidence that adds to, varies, or contradicts the writing