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A soft contract is an informal agreement that lacks the legal enforceability of a formal contract. It often relies on mutual understanding and trust between parties rather than specific legal terms and conditions. Soft contracts can be used in various contexts, such as business arrangements or personal agreements, but they may lead to misunderstandings if expectations are not clearly communicated. Due to their informal nature, parties may find it challenging to resolve disputes that arise from these agreements.

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1mo ago

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