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The text set forth in any contract explains its terms. Once the parties have signed all the provisions in the contract become mandatory as between the parties.

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10y ago

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What is considered a legally binding document?

A legally binding document is one whose terms can be enforced by a court of law. An example is a marriage certificate and a contract.


What role does the party play in a legally binding contract?

In a legally binding contract, the party is a person or entity that agrees to the terms and obligations outlined in the contract. Each party involved in the contract is responsible for fulfilling their agreed-upon duties and can be held legally accountable if they fail to do so.


By using this company's software, have we entered into a legally binding contract?

Using a piece of software may or may not constitute entrance into a legally binding contract. You should carefully review the terms and conditions that accompanied the software.


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 do you meant by contract?

A contract is a legally binding agreement.


What is a legally binding agreement that can be rejected at the option of one of the parties?

A unilateral contract is a legally binding agreement in which only one party makes a promise or undertakes an obligation, while the other party has the option to accept or reject it. If the second party chooses not to accept the terms of the contract, they are generally not bound by its terms.


Can a 12 year old make a legally binding contract?

Yes, a 12 year old can form a legally binding contract.


What is the Latin phrase for legally binding contract?

The Latin phrase for legally binding contract is "pacta sunt servanda".


What can I do to cement an agreement between two parties and make it legally binding?

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.


Can you give at least three examples of legally binding contracts terms?

Legally binding contract terms happen in such situations as when a teacher is teathered to their position, meaning they can't be fires, when a person's rights to remain silent are broken, or when the right to an attorney is issued.


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.


Is the contract for a timeshare legally binding?

Yes, a contract for a timeshare is legally binding. However, the contract usually has an opt out period of at least ten days. The salesperson can also choose to let you out of the contract.