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Contracts are legally binding on both parties to them.
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
A contract is a legally binding agreement between two or more parties.
A Legally Binding Agreement.
A contract is a legally binding agreement between two or more parties.
A contract is a legally binding agreement.
It is not legally binding
Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.
False
You can draft a contract that states the terms of sub-letting the office space, and get both parties to sign it. This will make the agreement legally binding.
The first step that makes a sale binding is the execution of the purchase and sale agreement by both parties. You will then be bound by the terms of that agreement. Many people wait until they have signed the P&S before they retain an attorney to represent them in the purchase. However, an attorney should review the agreement before you sign.
A unilateral contract is a legally binding agreement in which only one party makes a promise or undertakes an obligation, while the other party has the option to accept or reject it. If the second party chooses not to accept the terms of the contract, they are generally not bound by its terms.