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What is a legally binding agreement that can be rejected at the option of one of the parties?
Wiki User
∙ 11y ago
voidable contract.
Wiki User
∙ 11y ago
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What are legally binding contracts?
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.
Can a purchase and sale agreement be enforced against the seller?
All legal contracts are written with the purpose of binding each of the parties. The contract is enforceable against each of the parties. Contracts voided within the terms of the agreement are legally ended, while contracts ended in violation of these terms are breaches often become the subject of further legal action.
What is a lateral agreement?
i would think that a lateral agreement is when two parties come to an agreement without any form of help.
What is an accord condition?
In law - "accord" means agreement. Therefore, and "accord condition" means that the parties are in agreement with one another.
In a contract containing an option period when it is the offerer not allow to withdraw is offer when before acceptance by the offeree?
If the contract has not been signed, then the contract can be withdrawn at any time because there has been no legally binding acceptance of the terms of the contract. Once the contract jas been signed by both parties it definitely cannot be withdrawn.
Is a legally-binding agreement between two or more parties.?
A contract is a legally binding agreement between two or more parties.
A is a legallybinding agreement between two or more partie?
A contract is a legally binding agreement between two or more parties.
How binding is a purchase agreement?
Contracts are legally binding on both parties to them.
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.
What was Gentleman's agreement?
It is a a non formal and a legally non-binding agreement between two or more parties. It is usually oral and relies on the honour of the parties for its fulfillment
What does it mean when two parties have a legally binding contract?
To say that two parties have a legally binding contract means that they have entered into a formal written agreement, and if either of them violates that agreement there will be a legal basis for a lawsuit resulting in expensive penalties being imposed by the court.
What is legally binding in a employment contract?
Yes, a verbal agreement is legally binding. However it can be difficult to enforce because there is no fixed record of the terms, only the word, and memories, of the parties to the agreement.
Can you handwrite a legally binding agreement with your landlord?
Yes. A contract or agreement need not be written on a typewriter or computer to be valid, as long as it is signed by both parties.
Is a verbal rental agreement binding in Virginia?
What you are creating is more of a "Gentleman's Agreement" than a contract. It is not legally binding but depending on the conditions, if both parties trust one another, it could work for a simple room agreement.
What is franchising agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
What is a franchise agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
Do arbitrators render legally binding decisions?
yes, If the parties involved agree that the decision made will be legally binding
