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- CONTRACT Definition Meaning - Merriam-Webster
The meaning of CONTRACT is a binding agreement between two or more persons or parties; especially : one legally enforceable How to use contract in a sentence Synonym Discussion of Contract
- contract | Wex | US Law | LII Legal Information Institute
A contract is an agreement between parties, creating mutual obligations that are enforceable by law The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality
- What is Contract? definition, elements and types - Business Jargons
Definition: The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract It creates and defines the duties and obligations of the parties involved
- What is a Contract? - LegalMatch
A contract is an agreement between two private parties that creates mutual legal obligations for the parties to the contract Contracts can be in an oral form or a written form
- CONTRACT | English meaning - Cambridge Dictionary
CONTRACT definition: 1 a legal document that states and explains a formal agreement between two different people or… Learn more
- contract Definition, Meaning Usage | Justia Legal Dictionary
contract - A legally binding agreement made between two or more parties that creates duties and rights, and provides remedies for breaches of those duties
- Contracts 101: Definition, Types, Essential Elements Lifecycle - Factor
Contracts are legally binding agreements They outline the terms and conditions of the agreement (such as the goods or services being exchanged), the responsibilities and obligations of each party and the consequences of non-compliance
- What is a Contract: Everything You Should Know
What is a Contract? A contract is either a written or spoken agreement between two or more parties that includes terms and conditions, which creates a legal obligation The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached
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