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What else can I help you with?
Is a multi year contract legal?
ANY contract is legal as long as both parties agree to the terms
What is ordinary contract?
At its essence, an ordinary contract is a legal agreement between parties that forms obligations on both sides. Such contracts can be binding on the parties in both written and oral forms, though it is much easier to prove the terms of a written contract in the event things go awry. The main criteria for an ordinary contract is that both parties have the capacity to enter a legal agreement. A contract with a child or an incompetent adult would not be enforceable.
Explain the elements of a valid contract?
For a contract to be valid, it must contain an offer, acceptance of that offer, consideration (something of value exchanged), legal capacity of the parties involved, and a lawful purpose. Additionally, the agreement must be made by parties who have the intention to create a legally binding relationship.
What are the 5 most important parts of a contract?
Offer and acceptance: One party must make an offer, and the other party must accept it. Consideration: Both parties must receive something of value in exchange for what is promised in the contract. Legal purpose: The contract must not involve anything illegal or against public policy. Capacity: Both parties must have the legal capacity to enter into a contract. Mutual assent: Both parties must agree to the terms of the contract willingly and with a clear understanding of what is expected.
What type of contract do both parties have the option to avoid their contractual obligations?
what type of contract do both parties have the option to avoid their contractual obligations what type of contract do both parties have the option to avoid their contractual obligations
Can you get out of a contract?
If both parties are in agreement to the terms. Otherwise any written contract, signed by both parties, must be kept.
WHAT ARE THE CIRCUMSTACES THAT MAKE INSUARANCE A CONTRACT?
It is in writing and lays out the obligations of both parties. It also has to meet the legal parameters for the jurisdiction.
Is it legal in the state of Virginia to marry somebody without their consent?
No, this is never legal. To enter into a contract, which getting married is, both parties must understand and agree to it.
How can both parties mutually void a contract?
Both parties can mutually void a contract by agreeing to cancel it and releasing each other from their obligations outlined in the contract.
What is a contract that contains a promise by both parties is?
A bilateral contract.
Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
What is the explanation for the elements of legal contracts?
There are 4 elements to a legal contract. One is the accepted disagreement clause. It ensures that, to be a contract, both parties must be in full agreement. The rest are the 12dwarf clauses, and the Eugoogley element.
