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To: rogerover who wrote (788)5/26/2010 2:10:34 PM
From: scionRead Replies (1) | Respond to of 53574
 
I do have a definition of "arms-length" agreement though, and you'd think someone who claims to have an IQ of 170 would have the basic skills to look it up too.

Arms Length Law & Legal Definition

An arm's length agreement is one which is freely entered into by parties who don't have a special relationship or control over one another. An arm's length agreement is indicated by the fairness of price, conditions, and other terms of the agreement. For example, an agreement between relatives or agreements involving a deal on the side may not be considered arm's length agreements because they may not reflect the true value of the deal.

definitions.uslegal.com