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A contract is a legally enforceable agreementbetween two or more parties with mutual obligations. The remedy at law for breach of contract is "damages" or monetary compensation. In equity, the remedy can be specific performance of the contract or an injunction. Both remedies award the damaged party the "benefit of the bargain" or expectation damages, which are greater than mere reliance damages, as in promissory estoppel.
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All contract are agreement but not all agreement are contract?
all contracts are agreement but all agreements are not contract
What is agreements?
When a person signs a contract to rent a property
Free contract is the?
Free contract is the concept, where people have a freedom to decide what agreements they want to engage into.
All contracts are agreements but all agreements are not contract discus?
Contracts are agreements that are legally enforceable. An agreement does not have to be legally enforceable in order to be an agreement. The element of enforceability by law is what distinguishes the two.
What type of law covers written and oral agreements?
Contract law.
Can you sue anyone for breach of verbal contract in Louisiana?
It will be dependent on the type of contract. Some verbal agreements can be enforced.
What is the role of collective bargaining in unions?
Negotiating the contract agreements on behalf of the employees.
Does contract law require prenuptial agreements to be notarized?
yes by a licensed notariater
Is contract on plain paper enforceable under law?
In most places a written contract is enforceable. There are places where you have to contract on stamped paper for certain types of agreements.
Is an oral contract vaild?
An oral contract can be legal. The agreement cannot violate the statute of frauds, which requires writing for certain agreements.
What is the main role of unions in collective bargaining?
Negotiating the contract agreements on behalf of the employees.
What is the definition of co-terminus contract?
Contracts or agreements that are set to expire at the same time.
