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You can almost always "get out of a contract", as long as you're willing to pay the consequences. In a "friendly" contract, you will often find written terms for mutually agreed termination, or notice provisions that specify when the contract can be terminated, without further consequences ("just let us know"), or perhaps liquidated damages (termination fees) in a consumer contract. If your contract doesn't include (or reference) any such statements, then the fact you didn't "receive a written statement" might be a red herring (you can still get out, but they haven't told you how). However, there may also be statutes regarding certain types of contracts that have such terms incorporated as a matter of law. In that case, your local laws and rules would govern the obligations of each party (type and time of notice, time for response, agreement to fees, other remedies, etc).

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What does the last sentence mean in the Declaration of Independence?

how can u not know people ......a statement that is emphatic and explicit (spoken or written)(law) unsworn statement that can be admitted in evidence in a legal transaction; "his declaration of innocence"a statement of taxable goods or of dutiable propertiescontract: (contract bridge) the highest bid becomes the contract setting the number of tricks that the bidder must makeannouncement: a formal public statement; "the government made an announcement about changes in the drug war"; "a declaration of independence"resolution: a formal expression by a meeting; agreed to by a vote


When was the social contract theory written?

The three most noted are: Thomas Hobbes (1651), John Locke (1689), and Jean-Jacques Rousseau (1762)


What is the act of agreeing?

The act of agreeing involves expressing concurrence or approval regarding a statement, idea, or proposal. It reflects alignment in thoughts or beliefs between individuals or groups. Agreement can be verbal, written, or implied and often serves as a foundation for cooperation and collaboration in various contexts.


What do you call the statement of loyalty to America written by francis bellamy?

The Pledge of Allegiance


What is a player option in Major League Baseball?

'Player Option' is a term for a clause written into a player's contract that allows the player to extend the length of the contract for one year at a predetermined salary.If the player decides not to extend the contract, or 'pickup the option', the contract ends and the player becomes a free agent and can negotiate a new contract with any team.Just like a player option, contracts may also contain a 'team option'. This is a clause written into a contract similar to the player option except the team gets to decide whether they would like to extend the player's contract by one year for a predetermined salary.

Related Questions

Which statement about contracts is correct?

The correct statement about contract is that a contract is an agreement between a buyer and a seller. A contract can be a written or oral agreement.


What statement is true regarding the structure of the school system in the US?

It explains the reasons why the Constitution was written


Is a witness' signature required on a written agreement between two parties regarding repayment?

If the agreement (contract) was signed in the presence of a Notary Public, no.


How does write statement differ from writeln statement?

I think you mean written statement. What you are asking about write statement you are confusing with written statement, the same with write in statement. A written statement is simply putting your words, or your version of events in writing.


How can words form a legal contract?

Oral contracts are both legal and binding. Its proving them that is rough.Another view: (in the US) I highly doubt that the above statement is true. An old rule of thumb is that a verbal contract is worth the paper it is written on.


What are the requirements of an acceptance?

Actually, consideration has nothing to do with offer and acceptance. It's a totally unrelated concept. A valid offer is essentially a statement or action which unambiguously lays out the terms of the proposed agreement (e.g. "I will pay you $1,000 if you paint my house" - if the offeree accepts, there will be no question as to the obligations of each party - the offeree has to paint the house, at which point the offeror has to pay him $1,000). The statement must also clearly leave the offeree with the power of acceptance - it must be something which the offeree can clearly accept or reject. A valid acceptance unambiguously adopts the terms of the offer, indicating an intent to perform under those terms. ---- consideration


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.


What is the definition of living wills?

a written statement detailing a person's desires regarding their medical treatment in circumstances in which they are no longer able to express informed consent, especially an advance directive.


What is the act of breaking a written contract?

The specific term for the "act" of breaking a written contract is "breach."


When was the first written contract?

First written contract in English made on the Mayflower in North America.


What has the author J M Dorrans written?

J. M. Dorrans has written: 'Suggestive outline in woodwork and drawing for grades and high school, and a preliminary statement regarding work in metal and cement' -- subject(s): Manual training


What is written contract?

A written contract is an agreement written on paper by 2 or more people that is then signed by each person and is considered to be binding.