North Carolina General Statutes 1G-2. Definitions
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The following definitions apply in this Chapter:
(1) Business contract. – A contract or undertaking, contingent or otherwise, entered into primarily for business or commercial purposes. The term does not include a consumer contract or an employment contract.
Terms Used In North Carolina General Statutes 1G-2
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
(2) Consumer contract. – A contract or undertaking, contingent or otherwise, entered into by an individual primarily for the individual’s personal, family, or household purposes.
(3) Employment contract. – A contract or undertaking, contingent or otherwise, between an individual and another party to provide labor or personal services by that individual to the other party, whether the relationship is in the nature of employer-employee or principal-independent contractor. (2017-123, s. 1.)