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.
Generally, to be legally valid, most contracts must contain two elements: 1  All parties must agree about an offer made by one party and accepted by the other.  Something of value must be exchanged for something else of value. This can include goods, cash, services, or a pledge to exchange these items.