A B C D E F G H I J K L M N O P R S T U V W
Re Ro

Rescind

To cancel a contract. A contract may, for example, give one party a right to rescind if the other party fails to perform within a reasonable time.

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Restitution

In law, remedy for a breach of contract by which the parties are restored to their original positions before the contract was made or the breach occurred. Damages are distinguished from restitution in that damages compensate for a party who…

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Retention of title clause

A contract clause commonly used in international sale contracts whereby a seller declares his intention to retain title of ownership over the contract goods until payment by buyer is complete. Example of retention of title clause is as follows: It…

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Royalties

Compensation for the use of a person´s or company´s intellectual property rights based on an agreed percentage of the income arising from its use (e.g. to an author on sale of his/her book, to an inventor for the use of…

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