Legal Definition and Related Resources of Bargain

A contract between two parties . That which is agreed upon or the terms of the agreement .

An agreement between parties concerning the sale of property; or a contract, by which one party binds himself to transfer the right to some property for a consideration, and the other party binds himself to receive the property and pay the consideration, an agreement or stipulation of any kind. 209 111. 477.

noun

• accord
• accordance
• agreement
• arrangement
• collective agreement
• compact
• compromise
• concord
• concordance
• concordat
• contract
• convention
• covenant
• entente
• mutual agreement
• mutual pledge
• mutual understanding
• mutual undertaking
• pact
• pactio
• settlement
• stipulation
• treaty
• understanding Associated Concepts: arm”slength bargain
• bargain and sale deed
• bargain and sale in a conveyance
• bargain collectively
• bargain in good faith
• bargain in restraint of trade
• bargaining agent
• bargaining unit
• benefit of the bargain rule
• collective bargaining
• collective bargaining agreement

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Bargain in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Bargain in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Bargain in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Adhesion Contract, Bargain And Sale, Bargain In Good Fait, Catching Bargain, , Champerty, Collective Bargaining, Consent, Covenant, , Earnest, Fraud, Frustration, Market Price, Oppression, Sample.

What does Bargain mean in American Law?

The definition of Bargain in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

The process of reaching an agreement (“They bargained out the terms for the sale”), or the agreement thus reached (“OK, here”s our bargain”). Bargains, however, can be reached without bargaining, as when a deal is proffered on a take-it-or-leave-it basis and the offeree takes it. See adhesion contract. Thus, insofar as the bargaining process is supposed to supply justification for validating an apparently one-sided deal, it is not enough to point to the existence of an agreement as proof that any process of reaching it ever occurred. Cf unconscionability. Colloquially, “bargain” is used to mean not just a deal but a good deal, as in “Malleys has some great bargains in TVs this”week.” Cf bargain sale.

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This definition of Bargain Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

Vocabularies (Semantic Web Information)

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What is Grant, Bargain, and Sell?

A definition of grant, bargain, and sell is: Operative words in conveyances of real estate.[1]

Resources

Notes

1. “Grant, Bargain, and Sell” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

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