Nevada Revised Statutes > Chapter 624 > Rights, Duties and Liabilities Under Certain Agreements for Works of Improvement > Agreements Between Higher-Tiered Contractor and Lower-Tiered Subcontractor
Current as of: 2022 | Check for updates
|
Other versions
Terms Used In Nevada Revised Statutes > Chapter 624 > Rights, Duties and Liabilities Under Certain Agreements for Works of Improvement > Agreements Between Higher-Tiered Contractor and Lower-Tiered Subcontractor
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.