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A contract is a legally binding agreement between two or more parties.

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Laury Bergnaum

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3y ago

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A is a legallybinding agreement between two or more partie?

A contract is a legally binding agreement between two or more parties.


What was Gentleman's agreement?

It is a a non formal and a legally non-binding agreement between two or more parties. It is usually oral and relies on the honour of the parties for its fulfillment


What is an agreement between two parties?

A contract is a legally binding agreement between two or more parties.


What is an agreement between two or more parties that is enforceable in court?

Contract. There are two forms of enforceable actions in court under this question: 1) A Written Contract - signed by all parties, and any amendments to the contract 2) A verbal agreement, where it can be shown there was some form of agreement between he parties, and that one or more parties took action to fulfill the terms of the agreement (action to fulfill the terms constitutes a binding contract)


What is a written agreement or promise between two or more parties?

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Fascism is usually an agreement between three or more political parties?

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Identify the term contract?

A contract is defined in law as an agreement between two parties with an offer, acceptance, and consideration.


What is the main difference between dispensation and a Covenant?

Simply put I think the covenant is an agreement or promise between two or more parties and a dispensation is the carrying out or management of that agreement


How does a contract differ from an agreement?

An agreement is any arrangement that is agreed upon by two or more parties. A contract, on the other hand, is a legal and formal agreement between two or more entities which is enforceable by law.


What dose contract mean?

1. An agreement between two or more competent parties in which an offer is made and accepted, and each party benefits. The agreement can be formal, informal, written, oral or just plain understood. Some contracts are required to be in writing in order to be enforced. 2. An agreement between two or more parties which creates obligations to do or not do the specific things that are the subject of that agreement. Examples of a contract are a lease, a promissory note, or a rental agreement.


What is a contract and how does it function as a legally enforceable agreement between two or more parties?

A contract is a legally binding agreement between two or more parties. It outlines the terms and conditions of their agreement and can be enforced by law if one party fails to fulfill their obligations. This means that if one party breaches the contract, the other party can take legal action to seek compensation or enforce the terms of the agreement.


In the middle ages there was an agreement between two parties who were those parties?

This question needs more to it. The type of agreement and the type of person. Agreements were made for the marriage of noble children, for helping with men in a war, in judgements from the king, in apprenticeships, between the church and the king.