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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.
What word is used to describe an agreement between countries?
A treaty.A bilateral treaty if it's an agreement between two countries.A multilateral treaty if it's an agreement between three or more countries.Treaties are principally binding agreements.
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 is written contract?
A written contract is an agreement written on paper by 2 or more people that is then signed by each person and is considered to be binding.
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 verbal agreement?
An verbal agreement is something two or more parties have agreed to do, agreed not to do or an arrangement made verbally and not in writing. In some jurisdictions a verbal agreement can be binding if there are truthworthy witesses to it, in other jurisdictions it may not be binding.
What is an agreement between two parties?
A contract is a legally binding agreement between two or more parties.
What is legal written agreement between two or more people?
contract
What is a memorandum or memo of understanding?
A memorandum of understanding (also known as a written gentlemen's agreement) is a document which describes an agreement between two or more parties. Memos of understanding are NOT legally binding and are not valid contracts.
What is the significance of the keyword "contract" in the legal document?
The keyword "contract" in a legal document signifies a legally binding agreement between two or more parties. It outlines the terms and conditions of their agreement and serves as a reference point in case of disputes or breaches of the agreement.
What is a contract and how does it function as a legally enforceable agreement between two or more parties?
A contract is a legally binding agreement between two or more parties. It outlines the terms and conditions of their agreement and can be enforced by law if one party fails to fulfill their obligations. This means that if one party breaches the contract, the other party can take legal action to seek compensation or enforce the terms of the agreement.
