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Idea that both parties of a contract must be bound for contract to be enforceable

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16y ago

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How do you make a perfect contract?

If by perfect you mean unable to be legally challenged, I don't think that is possible. If by perfect you mean it meets all of the legal requirements for being a contract, the requisites for formation of a legal contract are an offer, an acceptance, competent parties who have the legal capacity to contract, lawful subject matter, mutuality of agreement, consideration, mutuality of obligation, and, if required under the Statute of Frauds, a writing. If you really don't want to be sued, hiring a competent lawyer now will save you a lot of time, hassle and money in the future.


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Concept of mutuality interest?

Mutuality of interest refers to a principle in relationships, partnerships, or agreements where all parties involved share common goals, benefits, or motivations that align with each other. This concept is crucial in fostering collaboration, as it encourages cooperation and support, ensuring that each party's interests are respected and valued. By establishing mutuality, relationships can thrive, leading to more effective communication and problem-solving. Ultimately, it enhances trust and commitment among stakeholders.


Words that end in -ity?

Some words that end in -ity are: morality, integrity, atrocity, authority, capability, mutuality


What does pseudo-mutuality mean?

Pseudo-mutuality refers to a situation where superficial harmony and closeness are maintained in a relationship or family system, while underlying conflict, dysfunctional dynamics, or significant issues remain unaddressed. This can create a facade of unity, but true mutual understanding, respect, and communication may be lacking.


How is obligation extinguished?

Obligation is extinguished by fulfilling the obligation as promised or as required.


What is the example of conditional obligation?

A conditional obligation is obligation with a condition. ex... I will support your studies in college if Mr. A dies.


A word for something owned to another?

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