ContractualElement¶
A contractual element is an element that forms part of a contract, such as a definition, condition, or commitment.
IRI: https://w3id.org/citydata/part2/v1/ContractualElement
Diagram¶
Specializations of ContractualElement¶
| Class | Description |
|---|---|
| Condition Precedent | A condition precedent is a condition that must be met before a contract becomes effective. |
| Contractual Commitment | A contractual commitment is a legally binding part of a contract that consists of a promise made by a party in relation to the contract. |
| Contractual Definition | A contractual definition is a definition of a term used within a contract. |
| Non Binding Term | A NonBindingTerm is a term in a contract that does not have legal force. |
| Representation | Part of the Contract that specifies some assertions that are taken to be true at the time of the contract and serve to influence a party's decision to enter into the Contract. |
| Warranty | A Warranty is a contractual promise of some indemnification if an assertion made in the Contract is false. |
Formalization for ContractualElement¶
| Property | Constraint |
|---|---|
| contractualElementOf | min 1 |
| contractualElementOf | min 1 Contract |
| hasContractText | min 1 |
| hasContractText | min 1 xsd:string |
| subClassOf | ContractThing |