Louisiana Revised Statutes > Title 48 > Chapter 3 > Part III – State Bridges
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Terms Used In Louisiana Revised Statutes > Title 48 > Chapter 3 > Part III - State Bridges
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.