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The meaning of CONTRACT is a binding agreement between two or more persons or parties; especially : one legally enforceable. How to use contract in a sentence. Synonym Discussion of Contract.
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
CONTRACT definition: 1. a legal document that states and explains a formal agreement between two different people or…. Learn more.
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.
Contract definition: an agreement between two or more parties for the doing or not doing of something specified.. See examples of CONTRACT used in a sentence.
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A contract is an agreement that creates a legal duty or responsibility. Learn more about written and oral contracts and how to make one. You might be aware of the textbook definition of a legal contract, but do you know how it applies in an everyday setting?
What is a Contract? A contract is either a written or spoken agreement between two or more parties that includes terms and conditions, which creates a legal obligation. The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached.
A contract is a legally binding agreement between two or more parties entering into an exchange of value, typically the sale of goods or services. It outlines the obligations and responsibilities of all parties and holds them accountable to the original agreement.
contract - A legally binding agreement made between two or more parties that creates duties and rights, and provides remedies for breaches of those duties.
Find free contract templates you can use today and download in PDF or Word. All templates have been reviewed by legal experts and are ready to use.
