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What are the features of a hire purchase system?

buyer and seller make written and legal agreement between them


When a partnership is formed a written legal document is drawn up between the partners what is this called?

partnership agreement


Is a written signed agreement legal between 3 people with no witnesses or it being notarized?

Strictly speaking No! But the law is not an exact science so there are exceptions. So; 1. If all the three accept it in court it will be legal. 2. If it has been acted upon and only later one or more of the parties tries to wriggle out, it will be held to be legal and binding. 3. If none of the parties denies its signature it will be held to be legal. These are just some of the possibilities and as in everything else about the law, there is nothing absolute.


Does contract mean to get larger?

Contract means to shrink. Or in the context of "a contract" :a legal document that states and explains a formal agreement between two different people or groups, or the agreement itself


What was the gentlermen's agreement?

A gentleman's agreement is an informal agreement generally in oral, though it may be written or by convection. It is different from a legal contract. It can be enforced if necessary.


Legal agreement between schools?

Typically, they are referred to as Articulation Agreements.


Is a commitment a legal binding agreement between the government and the vendor?

False/No


What is the meaning of a written agreement?

A written agreement is a legal document that outlines the terms and conditions agreed upon by two or more parties. It serves as a record of the agreement and helps prevent misunderstandings or disputes in the future.


Difference between contracts and agreements?

A contract is more than an agreement. It has to meet certain criteria before it can be considered a contract. A contract would have to have offer, acceptance, consideration and intention to create legal relations. An agreement can be between family members, friends. This would not be legally binding as there would most probably not be any intention for legal relations.


Is written agreement necessary in legal consultancy?

Yes it is always better to have everything in black and white where an agreement is concerned , as there should be no misunderstanding later on.


Difference between bond agreement and bond indenture?

What is the difference between a bond agreement and a bond indenture?Bond Agreement: A contract for privately placed debt.Bond Indenture: A blanket agreement between a corporation and its bond holders that states the interest rate, maturity date, and other terms and conditions of the bond issue.Based on these two definitions a bond agreement is more of a private agreement between the company and the bond purchaser where the bond indenture is more of a legal agreement. Bond agreement could get complicated if it isn't a trusted person where the bond indenture appears as a contractual agreement to keep people honest.


What is definition of Real estate agreement of sale?

a binding legal agreement between buyer and seller regarding price, concession, timing, loan rates, etc. Anything that is NOT listed in the agreement is worth the paper it is printed on. IE Don't take anything verbally. Written and signed only.