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What is a legally binding agreement that can be rejected at the option of one of the parties?
Wiki User
∙ 11y ago
voidable contract.
Wiki User
∙ 11y ago
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.
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What are legally binding contracts?
A legally binding document is one whose terms can be enforced by a court of law. An example is a marriage certificate and a contract.
A Contract is a legal instrument that defines the rights and responsibilities of?
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What is a substantive contract in employment?
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Is a legally-binding agreement between two or more parties.?
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A is a legallybinding agreement between two or more partie?
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Contracts are legally binding on both parties to them.
What can I do to cement an agreement between two parties and make it legally binding?
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.
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
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To say that two parties have a legally binding contract means that they have entered into a formal written agreement, and if either of them violates that agreement there will be a legal basis for a lawsuit resulting in expensive penalties being imposed by the court.
What is legally binding in a employment contract?
Yes, a verbal agreement is legally binding. However it can be difficult to enforce because there is no fixed record of the terms, only the word, and memories, of the parties to the agreement.
Is a verbal rental agreement binding in Virginia?
What you are creating is more of a "Gentleman's Agreement" than a contract. It is not legally binding but depending on the conditions, if both parties trust one another, it could work for a simple room agreement.
Can you handwrite a legally binding agreement with your landlord?
Yes. A contract or agreement need not be written on a typewriter or computer to be valid, as long as it is signed by both parties.
What is franchising agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
What is a franchise agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
Do arbitrators render legally binding decisions?
yes, If the parties involved agree that the decision made will be legally binding
