Dictionary Search: "refusal" - Pakistan Law Portal

concerted refusal to deal

Antitrust. An agreement between two or more persons or firms to not do business with a third party. 0 The parties to the agreement may or may not be competitors. Concerted refusals to deal may violate § 1 of the Sherman Act and are analyzed under either the per se rule or the rule of reason, depending on the nature of the agreement. See BOYCOTT; PER SE RULE; RULE OF REASON.

first refusal, right of.

See RIGHT OF FIRST REFUSAL.

refusal

1. The denial or rejection of something offered or demanded <the lawyer's refusal to answer questions was based on the attorneyclient privilege>. 2. An opportunity to accept or reject something before it is offered to others; the right or privilege of having this opportunity <she promised her friend the first refusal on her house>. See RIGHT OF FIRST REFUSAL.

refusal to deal

A company's declination to do business with another company. ( A business has the right to refuse to deal only if it is not accompanied by an illegal restraint of trade.

refusal to pay

See VEXATIOUS DELAY.

right of first refusal

A potential buyer's contractual right to meet the terms of a third party's offer if the seller intends to accept that offer. ( For example, if Beth has a right of first refusal on the purchase of Sam's house, and if Sam intends to accept Terry's offer to buy the house for $300,000, Beth can match this offer and prevent Terry from buying it. Cf. RIGHT OF PREEMPTION.

unreasonable refusal to submit to operation

Workers' compensation. An injured employee's refusal to submit to a necessary surgical procedure. ( This refusal is grounds for terminating the employee's workers'-compensation benefits.

vexatious refusal to pay