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what are Difference between a contract and an agreement?
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
What do you meant by contract?
A contract is a legally binding agreement.
What is another name for the contract of agreement?
A Legally Binding Agreement.
When there is an agreement in principle is it legally binding?
Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.
What is an unwritten agreement that are legally enforceablecalled?
An unwritten, legally enforceable agreement is usually called a verbal contract.
Is agreement synonymous with contract?
No, agreement is not synonymous with contract. An agreement is a mutual understanding between parties, while a contract is a legally binding agreement that outlines specific terms and conditions.
A is a legallybinding agreement between two or more partie?
A contract is a legally binding agreement between two or more parties.
Is a legally-binding agreement between two or more parties.?
A contract is a legally binding agreement between two or more parties.
Can an invoice serve as a legally binding contract?
Yes, an invoice can serve as a legally binding contract if it contains all the necessary elements of a contract, such as an offer, acceptance, consideration, and mutual agreement.
How can a party use the keyword "breach of contract" to legally terminate an agreement?
A party can use the keyword "breach of contract" to legally terminate an agreement by proving that the other party failed to fulfill their obligations as outlined in the contract. This failure to meet the terms of the agreement constitutes a breach, allowing the non-breaching party to terminate the contract and seek legal remedies.
Can a car dealership refuse to pay off trade when it is in the contract?
A contract is a legally binding agreement between the parties who have signed it, unless written into the contract otherwise, all parties are bound by the terms of the agreement/contract they signed.
How can one legally void a contract?
A contract can be legally voided through mutual agreement between the parties involved, if there is a breach of contract, if one party lacks capacity to enter into the contract, or if the contract is deemed illegal or against public policy.
