Definition of legislative. 1  1a : having the power or performing the function of legislatingb : belonging to the branch of government that is charged with such powers as making laws, levying and collecting taxes, and making financial appropriations â compare executive, judicial.
The purchase agreement is contingent on the buyer's approval of this report and any other matters affecting the title. The preliminary title report lists liens and other encumbrances on the property, as well as any defects in the seller's chain of title discovered during the title search.
The agreement should, at a minimum, clearly define the following items: 1  Who has control and how much; 2  Each partnerâs role; 3  Each partnerâs duties and obligations; 4  Capital contributions and what kind; 5  How additional capital contributions will be handled, if necessary; 6  Compensation and distributions;