Yes, if you sign a legally binding contract, you are generally obligated to fulfill the terms of that contract, which includes any payment required. Failing to comply can lead to legal consequences, such as lawsuits or penalties. It's important to understand the terms before signing to ensure you can meet your obligations. If you have concerns about the contract, consider seeking legal advice before signing.
That is one of the purposes of emancipation. It allows them to sign a legally binding contract.
The car dealership did not sign my contract, is it still binding?
No, they cannot legally sign. They are not considered to have the capacity to contract as a minor.
Yes. If you are a legal adult where you live, whatever you sign is legally binding (unless you can prove you were coerced against your will). If you want to add something to a contract, you and the contractor need to sign an addendum. It is your responsibility to read and understand any contract you sign. Get legal assistance if you do not understand something in a contract.
In most cases, a contract is still valid even if earnest money is not provided. Earnest money is not required for a contract to be legally binding, but it can serve as a sign of good faith from the buyer.
The age of majority is required to sign a legally binding contract. That is 18 in NJ.
No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.
Unless you have been legally declared an 'emancipated minor,' probably not. You are too young to sign a legally binding contract.
No you can not buy a house at the age of seventeen because you have to sign a contract and a contract is not legally binding until the age of eighteen.
No, a minor cannot legally sign a non-disclosure agreement (NDA) because they are not considered capable of entering into a legally binding contract.
You can draft a contract that states the terms of sub-letting the office space, and get both parties to sign it. This will make the agreement legally binding.
Only if you are under the age of being able to sign a legally binding contract .