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What is a contract and how does it function as a legal agreement or promise between two parties?
A contract is a legally binding agreement between two or more parties. It outlines the terms and conditions of their agreement and serves as a promise that each party will fulfill their obligations as stated in the contract. If one party fails to uphold their end of the agreement, the other party may take legal action to enforce the contract and seek remedies for any damages incurred.
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A is a legallybinding agreement between two or more partie?
A contract is a legally binding agreement between two or more parties.
What is an example of a contract between two parties?
A lease agreement between a landlord and a tenant is an example of a contract between two parties.
What is an agreement between two parties?
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.
What is a contract and how does it function as a legally enforceable agreement between two or more parties?
A contract is a legally binding agreement between two or more parties. It outlines the terms and conditions of their agreement and can be enforced by law if one party fails to fulfill their obligations. This means that if one party breaches the contract, the other party can take legal action to seek compensation or enforce the terms of the agreement.
What is a contract, which is an agreement between two parties that creates an obligation?
A contract is a legally binding agreement between two parties that establishes a mutual obligation to fulfill certain terms and conditions.
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.
Identify the term contract?
A contract is defined in law as an agreement between two parties with an offer, acceptance, and consideration.
What is subject matter of contract?
The agreement made between two parties.
What is an agreement between two or more parties that is enforceable in court?
Contract. There are two forms of enforceable actions in court under this question: 1) A Written Contract - signed by all parties, and any amendments to the contract 2) A verbal agreement, where it can be shown there was some form of agreement between he parties, and that one or more parties took action to fulfill the terms of the agreement (action to fulfill the terms constitutes a binding contract)
The definition of a contract is?
The definition of a contract is an agreement (verbal or written down) between two parties.
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.
