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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
What do you meant by contract?
A contract is a legally binding agreement.
Can a 12 year old make a legally binding contract?
Yes, a 12 year old can form a legally binding contract.
What is the Latin phrase for legally binding contract?
The Latin phrase for legally binding contract is "pacta sunt servanda".
Is the contract for a timeshare legally binding?
Yes, a contract for a timeshare is legally binding. However, the contract usually has an opt out period of at least ten days. The salesperson can also choose to let you out of the contract.
How old must you be to get a cell plan with US Cellular?
A cellular contract is a legally binding contract; you must be 18 to enter into a legally binding contract. The answer is 18 years old.
Can an invoice serve as a legally binding contract?
Yes, an invoice can serve as a legally binding contract if it contains all the necessary elements of a contract, such as an offer, acceptance, consideration, and mutual 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.
Is signing an employment contract with temporary agency a legally binding contract?
Yes, it is.
Is it possible for a text message to be legally binding?
Yes, a text message can be legally binding if it meets the requirements for a contract, such as offer, acceptance, and consideration, and if both parties intend for it to be legally binding.
What role does the party play in a legally binding contract?
In a legally binding contract, the party is a person or entity that agrees to the terms and obligations outlined in the contract. Each party involved in the contract is responsible for fulfilling their agreed-upon duties and can be held legally accountable if they fail to do so.
Is a legally-binding agreement between two or more parties.?
A contract is a legally binding agreement between two or more parties.
