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what are Difference between a contract and an agreement?
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
Is a legally-binding agreement between two or more parties.?
A contract is a legally binding agreement between two or more parties.
What is another name for the contract of agreement?
A Legally Binding Agreement.
Is off the record legally binding?
No, information that is "off the record" is not legally binding. It is an agreement between the parties involved, but it does not hold the same weight as a legally binding contract.
A is a legallybinding agreement between two or more partie?
A contract is a legally binding agreement between two or more parties.
What do you meant by contract?
A contract is a legally binding agreement.
What statement is true of an executive agreement?
It is not legally binding
Does a landlord have the right to evict without proper notice?
With a legally binding tenancy then no.
Is a text agreement legally binding?
Yes, a text agreement can be legally binding if it meets the requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.
What is the difference between a contract and an agreement, and can you provide examples to illustrate this distinction?
A contract is a legally binding agreement between two or more parties that outlines specific terms and conditions. An agreement, on the other hand, is a broader term that refers to a mutual understanding or arrangement between parties, which may or may not be legally enforceable. For example, when you sign a lease agreement with your landlord, you are entering into a contract that legally binds both parties to certain obligations, such as paying rent on time and maintaining the property. On the other hand, if you make a verbal agreement with a friend to meet for lunch next week, this is an informal agreement that is not legally binding.
How binding is a purchase agreement?
Contracts are legally binding on both parties to them.
When there is an agreement in principle is it legally binding?
Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.
