lawsuit for breach of contract
In a contract, the duty to perform is triggered when both parties agree to the terms and conditions outlined in the contract.
That something of value is offered - that the offer is accepted - and THAT IT ACTUALLY PASSES HANDS. Without all three condition being met there is NOT a valid contract.
For a contract to be enforceable, it should meet the requirements of offer, acceptance, consideration, legality, capacity, and intention to create legal relations.
In a contract or agreement, using "and" typically requires all conditions to be met, while using "or" allows for only one condition to be met. This distinction can impact the obligations and rights of the parties involved.
A condition that must be met is a requirement.
The legal term for a condition in a contract that must be fulfilled for the contract to be binding is called a "condition precedent."
A contract between two or more parties might contain conditions. If a condition of a contract is broken, it is a breach of condition.
when the condition specified in the contract are not followed then the contract is said to be breached.
Reps are statements of fact made by one party in a contract, while warranties are promises or guarantees about the quality or condition of something being sold. Reps are typically made at the time of contract formation, while warranties are ongoing assurances that certain conditions will be met.
And condition
"Tom and I are finishing the new contract; we should be done this week. I last met with him on Friday, and we exchanged drafts of the contract at that time."It would be last met, and not lastly met. It means (above) the last time I met with him was...
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