The clause that ensures that judicial decrees and contract made in one state will be binding and enforceable in another state is called clause?

Is a contract a legally enforceable promise or set of promises?

yes any contract is leagaly binding

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.

Is a contract binding if it has no end date?

Not necessarily, but if it doesn't it should be written within the contract that the contract may be subject to change or termination at any time.

What do you mean by contract to sell?

The contract to sell refers a binding legal agreement between the buyer and sell about the sale of something. The contract to sell is usually enforceable by law.

How are contracts involving a minor considered legally binding and enforceable?

Contracts involving a minor are generally not considered legally binding and enforceable. Minors are not considered to have the legal capacity to enter into contracts, and therefore any contract they enter into can be voided by the minor or their legal guardian.

Can a realtor honor a second contract over the first if the first already signed the contract with realtor to purchase?

Generally, no. The realtor must honor the terms of the first contract. A legally binding contract is enforceable in court.

Offer sent by post -the offeree accepts and return the acceptance via postl but the offeror dies in the process- is the contract still binding?

Well in a sentence....The contract is legitimately binding, however the contentious issue to be discussed, if the contract is enforeceable and if at all it is enforceable to whom would its effect be?

Can someone under the age of 18 sign a binding contract in North Carolina?

If they were an 'emancipated minor' yes. Otherwise, a contract signed by someone under the age of 18 (without a co-signer on the contract) would not be legally enforceable.

What is difference between contract and project?

A contract is a binding agreement which is legally enforceable by law if it is not fuilfilled. Under one project there will be different contracts entered at different periods as per the requirement of the work to be done.

What is another name for the contract of agreement?

A Legally Binding Agreement.

What is a signed contract called?

A signed contract is commonly referred to as an "executed contract." This term indicates that all parties involved have agreed to the terms and conditions outlined in the document and have formally signed it, making it legally binding. Execution signifies that the contract is in effect and enforceable under law.

What are the functions of contract law attorney?

What is Contract Law? Contract Law typically governs the duty obligations and rights of parties to engage in various types of legal agreements and transactions with one another. The legal area of contract law defines the essential elements of a contract, types of binding contract, establishes what constitutes a breach of contract repercussions of a breach contract. Contract Law Many types of contracts exist and the use of contracts is often very important to the smooth functioning of an economy. Legally binding contract help to protect consumer rights by governing transaction from as well as the purchase of them who had large as the purchase of a home Even the sale of multinational corporation can be protected by the obligations set forth under and enforceable contract Essential Elements Of A Legally Enforceable Contracts In its simplest form, a contract can be considered for voluntary agreement to exchange services or goods that becomes enforceable by law To expand upon that further, a contract can be a private understanding between two or more active in an agreement to trade products or services that have a value Legally Enforceable Contracts In the Contract Law may become legally enforceable when all of the following Essential elements are included: OFFER - One party makes an offer to another party for goods and services. ACCEPTANCE - Said party accepts the other party’s offer. CONSIDERATION - An agreement is made to extend goods and services with one another. The three Essential elements of an enforceable contract typically include offer acceptance and consideration Contract Law Attorney Contract Law Attorney can be a highly useful tool when seeking to engage in a contractual obligation and dealing with the replication of a breached contract. If you need a Contract Law Attorney in Newark, NJ, Moldovan Law Firm will help advise you on making a well informed decision prior to entering a contract. They help to write the binding process of the contract and negotiate what the terms are. These attorneys can also help identify a breach of contract and may represent individuals to help through it in a court. If you are looking for a Contract law Attorney in Newark, NJ. I would recommend you Moldovan Law Firm.