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what type of contract do both parties have the option to avoid their contractual obligations what type of contract do both parties have the option to avoid their contractual obligations
Liablity assumed in a contract.
Contractual liability insurance is something purchased to protect a person entering into a contract, when that contract means that they agree to be responsible for any liability.
If the term is enforceable under the contract then it is a term. if it was merely something said to induce a person to enter into a contract it is a pre-contractual statement.
The contract can be declared void. The party must either re-affirm the agreement when the do have contractual capacity or it remains void.
There is no legal requirement in the U.S.A. for homeowners insurance. If there is still a mortgage on the home though, insurance is almost certainly required by the mortgage contract, but this is a contractual obligation, not a legal requirement.
Contract between parties
Contractual terms are the words that relate to the wording on the contract and include words like, agreement, clause, and memos.
yes
No, Not a single one of them. There is no legal requirement in the U.S.A. for homeowners insurance. If there is still a mortgage on the home though, insurance is almost certainly required by the mortgage contract, but this is a contractual obligation, not a legal requirement.
There is no requirement for witnesses to a contract.
A Sweetheart Deal or Contract is a uncommonly favorable contractual agreement.