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What is an agreement in principle?

An agreement in principle is a legally enforceable agreement between parties which identifies the fundamental terms which are intended to be or are agreed upon.


What is the significance of a contractual agreement between two parties that establishes a legal obligation?

A contractual agreement between two parties that establishes a legal obligation is significant because it outlines the terms and conditions of their relationship, ensuring that both parties are bound to fulfill their responsibilities. This agreement provides clarity and protection for both parties in case of any disputes or breaches of contract.


What is franchising agreement?

The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.


What is a franchise agreement?

The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.


What is the relationship of the parties clause in the contract?

The parties clause in a contract identifies the individuals or entities involved in the agreement. It specifies who is entering into the contract and their roles and responsibilities. This clause helps establish the legal relationship between the parties and ensures clarity and understanding of their obligations.


What is a bilateral agreement?

what is a bilateral agreement?


All contracts are agreement but all agreements are not contract?

Yes, all contracts are agreements, because a contract is a legally binding relationship that exists between two or more parties to do or abstain from performing certain acts. An agreement is a form of cross-reference between parties which may be written or oral, and lies upon the honor of the parties for its fulfillment, rather than being in any way enforceable.


What is an agreement between two opposing parties?

An agreement between two different parties is known as a Bipartisan agreement. This term is used most commonly in politics.


Does the custodial parent get the child for a whole month during summer?

That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.


What does an agreement look like?

An agreement typically consists of a clear document that outlines the terms and conditions mutually accepted by the parties involved. It includes essential elements such as the parties' names, the purpose of the agreement, specific obligations, timelines, and any payment terms. Agreements may also contain clauses for dispute resolution and signatures to confirm acceptance. Overall, it serves as a legally binding framework guiding the relationship between the parties.


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

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


What is a spate agreement?

An agreement is a compromise or understanding between two parties concerning a specific set of details. A spate agreement is when the two parties agree exactly with no need for compromise.