0
A contract is an agreement by which one party agrees to do certain things or provide certain services to another party, in exchange for consideration of some sort - usually money. A contract can be written or verbal, however it is always preferable to have a written contract, especially in case there is a dispute.
To be legally binding, the contract must describe the acts, services, materials, or other items to be supplied by the one party, the consideration to be paid by the other party, and the terms and conditions which will govern the relationship between the parties, such as how long the contract will be in effect, a procedure for termination, what happens if a party breaches the terms of the contract, etc.
A written contract must then be signed by the parties in whatever manner is required under the laws of the country, state, province or territory which will govern the performance of the contract.
What else can I help you with?
Can a 12 year old make a legally binding contract?
Yes, a 12 year old can form a legally binding contract.
what are Difference between a contract and an agreement?
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
What do you meant by contract?
A contract is a legally binding agreement.
What is the Latin phrase for legally binding contract?
The Latin phrase for legally binding contract is "pacta sunt servanda".
Is the contract for a timeshare legally binding?
Yes, a contract for a timeshare is legally binding. However, the contract usually has an opt out period of at least ten days. The salesperson can also choose to let you out of the contract.
How old must you be to get a cell plan with US Cellular?
A cellular contract is a legally binding contract; you must be 18 to enter into a legally binding contract. The answer is 18 years old.
Is an engagement ring a contract to marry?
It is a promise to marry and in a way a contract; however the ring does not make the engamement legally binding.
Can an invoice serve as a legally binding contract?
Yes, an invoice can serve as a legally binding contract if it contains all the necessary elements of a contract, such as an offer, acceptance, consideration, and mutual agreement.
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.
Is off the record legally binding?
No, information that is "off the record" is not legally binding. It is an agreement between the parties involved, but it does not hold the same weight as a legally binding contract.
Is signing an employment contract with temporary agency a legally binding contract?
Yes, it is.
Is it possible for a text message to be legally binding?
Yes, a text message can be legally binding if it meets the requirements for a contract, such as offer, acceptance, and consideration, and if both parties intend for it to be legally binding.
