The cancellation clause is a future and uncertain event which, if it occurs, result in the termination of the contract.
Possibility for the surviving spouse, who is the beneficiary of a mutual testament ( donation ) or of a will , or for a legatee, to limit his/her rights to one party only in what he/she is entitled to receive in the inheritance .
Chamber of notaries
Notarial body at the departmental or interdepartmental level assigned with disciplinary, animation and management missions among the peers.
Department of the Ministry of Justice in charge of the surveillance of the profession, appraisal of notaries' nomination files, the implementation, creation and removal of notarial firms.
The Chancellery is High Council of French Notariat's main intermediary. The Chancellery is associated with the work group "Démarche Qualité Notariale" (Quality Approach in the Notarial sector), more particularly regarding ethics.
Expression used to describe the provisions included in a second will modifying a prior will, or containing clarifications or new provisions that were not included in original deed.
Parents of an individual who do not belong to his/her direct line, i.e. brothers and sisters, uncles and aunts and their descendants, i.e. cousins.
Compulsory rules concerning the organization of social life and public decency which cannot be avoided through special agreements.
Conflict of laws rules
Abstract and indirect rule allowing to determine the competent law for the settlement of a legal matter. It does not allow to resolve the fundamental matter.
Conflicts of laws
Considering that all countries do not have the same laws, when the citizens of several countries or when several citizens of the same country are located in a different country, it is common that different or contradicting rules may be applicable to their relation or situation.
Contribution to a company
Properties pooled by each of the associates during the constitution of a company.
Although having all rights to ask for the payment of an amount of money, the creditors are not all the same.
- The unsecured creditor shall not benefit from any security;
- the mortgage creditor shall benefit from a mortgage right that guarantees him the reimbursement of his debt on the proceeds of the sale of the property which has been mortgaged, in priority over the other creditors.