What does prospective mean in contract?
Asked by: Billie Powlowski | Last update: May 10, 2025Score: 4.7/5 (54 votes)
What is a prospective contract?
Prospective Contract means a potential contract currently being pursued by the Company but which has not yet been executed, and that is identified on Schedule 2.5(b).
What does prospective mean in law?
What Is Preemption? Preemption is a legal doctrine that allows a higher level of government to limit or even. eliminate the power of a lower level of government to regulate a specific issue.
What does your prospective mean?
What does prospective mean? Prospective most generally means “of or in the future.” Most commonly, it means “potential, likely, or expected.” It's used to describe something that might happen—or that you expect to happen—in the future.
What does prospective mean in company law?
Prospective: Something that will happen in the future or is expected to happen. For example, a new law that will start working in the future is called a prospective law. Also, people who are likely to become customers are called prospective clients.
What Makes A Contract Legally Binding: Qualified Lawyer Explains
What is prospective in company law?
The prospectus is a legal document, which outlines the company's financial securities for sale to the investors. According to the companies act 2013, there are four types of the prospectus, abridged prospectus, deemed prospectus, red herring prospectus, and shelf prospectus.
What is a prospective effect in law?
It means it can be applied from a future date. A law can be considered as prospective when it is appropriate just to cases which will emerge after its authorization. It shows that it is worried about or applying the laws in future or atleast from the date of initiation of the resolution.
What is an example of prospective?
If it's prospective, it hasn't happened yet. Prospective students are students who might attend a school in the future. If you visit any college campus, you'll see prospective students checking out the library, the dorms, and athletic facilities. Prospective indicates that something is expected or likely to happen.
Does prospective mean accepted?
A "prospective student" is someone who is considering applying to a particular college or university but has not yet submitted an application. Essentially, it's a term used to describe a student who is in the exploring phase of the college application process.
What is the new meaning of prospective?
1. looking toward the future. 2. expected; likely; future.
What is a prospective case?
(pruh-SPEK-tiv) In medicine, a study or clinical trial in which participants are identified and then followed forward in time.
What is perspective in law?
Definition and Citations:
A term used for an illusion that occurs as we see parallel lines moving away, over the horizon and then meeting at a certain point. This illusion is often within our minds.
What is a prospective ruling?
Under prospective overruling, the Court declares that an existing statute violates the original meaning but will continue to be enforced because declaring it unconstitutional would produce enormous costs; however, future statutes of this type will be voided as uncon- stitutional.
What is contract perspective?
From an economic perspective, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of information asymmetry. Because of its connections with both agency and incentives, contract theory is often categorized within a field known as law and economics.
What is a prospective client in law?
(a) A person who consults with a lawyer about the possibility of forming a client-lawyer relationship with respect to a matter is a prospective client.
What is prospective authorization?
Prior authorization requires your doctor or provider to obtain approval from your health plan before providing health care services or prescribing prescription drugs. Without prior authorization, your health plan may not pay for your treatment or medication. (Emergency care doesn't need prior authorization.)
What is another meaning of prospective?
about to be approaching awaited coming considered destined forthcoming future hoped-for imminent impending intended likely looked-for planned possible promised to come to-be.
What is another word for being accepted?
acknowledged. adjectiveas in widely recognized. accepted. approved. authorized.
What does perspective mean?
1. : a way of thinking about and understanding something (such as a particular issue or life in general)
What does prospective mean in company?
Prospective Business means any business which the Company or any Group Company is actively preparing to become involved in at the Termination Date provided that the Executive has either been appraised of its details or materially involved in its preparations at any time during the 12 months prior to the Termination ...
What is an example of a prospective sample?
Examples of prospective cohort studies
You recruit a group of healthy participants, all of whom were free of breast cancer at the beginning of your study. You then collect data on their level of physical activity and other lifestyle factors over a long period of time, tracking incidences of breast cancer.
What's the difference between prospective and prospective?
The words prospective and perspective are often confused by writers. But what is the difference? Perspective means a view, vista, or outlook when used as a noun. Prospective means likely or expected to happen or become when used as an adjective.
What is a prospectively legal term?
prospective adj
1 : relating to or effective in the future [a statute's effect] 2 : likely to come about. : expected to happen [ inability to perform the contract]
What is prospective relief in law?
the term “prospective relief” means all relief other than compensatory monetary damages; (8)
What is a prospective basis?
Prospective basis means that the value-based enterprise has assumed financial responsibility for the cost of all patient care items and services covered by the applicable payor prior to providing patient care items and services to patients in the target patient population.