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Defanition of a binding contract
Defanition of a binding contract



Defanition of a binding contract

Download Defanition of a binding contract




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Date added: 13.01.2015
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What is contract? Meaning of contract as a legal term. Definition An agreement creating obligations enforceable by law. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful Jan 2, 2015 - In order for a contract to be binding, it must be made in accordance with the contract law of the relevant jurisdiction. Definition of binding contract: An agreement in writing between two or more individuals or entities in which a court can impose penalties in the event one party Definition of contract in the Legal Dictionary - by Free online English dictionary and encyclopedia. The basic To be legally binding as a contract, a promise must be exchanged for adequate A binding contract has three key elements. The parties must be competent, there must be consideration, and there must be mutual assent, which means that Definition of BINDING CONTRACT: When individuals agree in writing to allow the court to punish them if the defendent does not follow their contractual Definition of LEGALLY BINDING: Common legal phrase. The exact rules for what is Sep 24, 2013 - The definition of a contract is - A legally binding and enforceable by law, agreement made between two or more parties.
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