Legal Terms
A
Ab ignition: A contract terminated ab initio returns the parties to the pre-contractual position.
Accord and Satisfaction: The accord is the agreement to discharge a contract. The satisdaction is the consideration needed.
Annual General Meeting (AGM): Every company is required to hold an AGM every calendar year, subject to a maximum period of 15 months.
Association of Undertakings: These are usually trade associations sharing the same interests.
