0
In simple terms, a contract is a legally binding agreement. People enter into contracts so that they can have a legal remedy if the other party fails to do what they promise. The most common remedy is an award of damages by a court, which means that the party who failed to keep their promise has to pay the other party some money to compensate them for their loss. Sometimes a court will grant specific performance, which means they will force that party to keep their promise. Without a contract, a court will not be able to grant either remedy.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
free legal form for contract for deed ?
free legal form for contract for deed
What is offer in contract?
An offer in its shortest form is basically an invitation to contract.
Does the contract always have to be in the written form?
Yes
When does an agreement become contract?
An agreement becomes a contract when there is an offer, acceptance and consideration. Absence of a written contract does not prevent a contract from being form. A contract can be both expressed or implied. Written or verbal.
How do you form a contract with Sebastian in black butler?
You would have to manage to summon him, or draw his attention, and have a soul worthy enough to be his meal in order for him to wish to form a contract with you.
How do you delete your membership form tooth fairy?
sorry it is a binding contract sealed with the first tooth....no contract no tooth
What is the written form that explains the American social contract?
constitution
What is the full form of CDMO?
Contract Development and Manufacturing Organization
compare & contract clue words?
here they are in picture form
What is the DD form 254?
DoD Contract Security Classification
What are the objectives of contract?
The objectives of EPC contract is to define the goals and expectation of a project. This is the same as with any other form of business contract. EPC refers to Engineering Procurement Construction.
What are the differences between a simple contract and a formal contract?
simple contract cane be formed as verbally or as writing whereas formal contracts can only be formed as writing.
