Terms Used In California Codes > Revenue and Taxation Code > Division 2 > Part 10 > Chapter 10.7 - Tax on Registered Limited Liability Partnerships and Foreign Limited Liability Partnerships

• Contract: A legal written agreement that becomes binding when signed.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}