Subscriptions Law & Legal Definition
A subscription is a purchase made by a signed order. A subscription offer should state with certainty the name of the payee, the amount and date of the subscription, any limitations placed on the use of the property contributed, and a clear description of the consideration. A subscription that deals with real estate must be in writing, for other subscriptions, it writing is only advisable to avoid future disputes between the parties. If a written subscription is subject to a condition, the condition should be clearly stated since parol (oral) evidence may not be admissible to establish the condition. Even though payment of a subscription is postponed until the death of the subscriber, the subscription does not necessarily have to comply with the statute of wills.
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