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Contracts are legally binding on both parties to them.

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15y ago

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Related Questions

Is an unauthorized commitment not binding solely because the agreement involved a purchase amount above the micro-purchase threshold?

An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold.


Can a purchase agreement be signed first by the seller ....Is this binding?

Yes, a seller can sign the agreement first, but it is not binding until all parties have signed and the signed copies have been delivered.


Are you committed to a purchase agreement if money has not been exchanged?

Typically, a purchase agreement is not legally binding until money has been exchanged or a deposit has been paid. Until this point, either party can typically walk away from the agreement. It is always best to review the specific terms of the purchase agreement to understand any commitments or obligations.


What is binding agreement?

Covenant


What is a binding agreement?

Covenant


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 is another name for the contract of agreement?

A Legally Binding Agreement.


Is a prenuptial agreement binding if it is not signed?

No, a prenuptial agreement is not binding if it is not signed. Of course, I'm not a lawyer. So, if you are in a situation where you are questioning whether or not you signed a prenuptial agreement and whether or not it is binding, please consult a real lawyer!


Is a verbal agreement binding in Arkansas?

Verbal agreements are not binding anywhere.


Is a legally-binding agreement between two or more parties.?

A contract is a legally binding agreement between two or more parties.


When is a house sale legally binding?

The first step that makes a sale binding is the execution of the purchase and sale agreement by both parties. You will then be bound by the terms of that agreement. Many people wait until they have signed the P&S before they retain an attorney to represent them in the purchase. However, an attorney should review the agreement before you sign.


Can a home purchase contract be considered binding in the form of a verbal agreement?

This would violate the statue of frauds. The sale of property must be in writing to be valid.