In a contract agreement, "indemnify" means to compensate for any losses or damages, while "hold harmless" means to not hold someone legally responsible for certain actions or outcomes.
No. Once the severance agreement has been signed it becomes a legally binding contract.
An unwritten, legally enforceable agreement is usually called a verbal contract.
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
A Legally Binding Agreement.
A contract is a legally binding agreement between two or more parties.
A contract is a legally binding agreement between two or more parties.
Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.
Happens all the time, but legally is could make the contract null and void. That depends if one party wishes to challenge it. The mistake will usually be picked up by the title company or conveying attorney before closure. Any challenge to it would probably have to be settled in a court of law and if the agreement could be proven to be legitimate in all other aspects then that challenge would likely be unsuccessful.
Yes.
It is not legally binding
A contract is a legally binding agreement.