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  4. www.merriam-webster.com › dictionary › contractContract Definition & Meaning - Merriam-Webster

    Learn the various meanings and uses of the word contract as a noun, verb, and adjective, with synonyms, examples, etymology, and related terms. Find out how to contract a muscle, a business, a marriage, or a contract killer, and how to contract a word.

  5. www.law.cornell.edu › wex › contractcontract | Wex | US Law | LII / Legal Information Institute

    • Overview
    • Elements -- Consideration and Mutual Assent
    • Governing Laws
    • Remedies For Breach of Contract -- Damages
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    Contracts are promises that the law will enforce. Contract law is generally governed by the state Common Law, and while general overall contract law is common throughout the country, some specific court interpretations of a particular element of the Contract may vary between the states. If a promise is breached, the law provides remedies to the har...

    See full list on law.cornell.edu

    Contracts arise when a duty comes into existence, because of a promise made by one of the parties. To be legally binding as a contract, a promise must be exchanged for adequate consideration. There are two different theories or definitions of consideration: Bargain Theory of Consideration and Benefit-Detriment theory of consideration. 1) Under the ...

    See full list on law.cornell.edu

    Contracts are mainly governed by state statutory and common (judge-made) law and private law (i.e. the private agreement). Private law principally includes the terms of the agreement between the parties who are exchanging promises. This private law may override many of the rules otherwise established by state law. Statutory law, such as the Statute...

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    If the agreement does not meet the legal requirements to be considered a valid contract, the “contractual agreement” will not be enforced by the law, and the breaching party will not need to indemnify the non-breaching party. That is, the plaintiff (non-breaching party) in a contractual dispute suing the breaching party may only win Expectation Dam...

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    A contract is an agreement between parties creating mutual obligations that are enforceable by law. The web page explains the basic elements, theories, and remedies for breach of contract, as well as the governing laws and statutes for contracts in the U.S. It also covers the international and federal material on contract law.

    See full list on law.cornell.edu

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  7. www.britannica.com › money › contract-lawContract | Definition, History, & Facts | Britannica Money

    Apr 24, 2024 · Learn about the legal concept of contract, its development and types, and its role in a market economy. Explore the historical origins and evolution of contract law from ancient to modern times.

  8. en.wikipedia.org › wiki › ContractContract - Wikipedia

    A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.

  9. dictionary.cambridge.org › dictionary › englishCONTRACT | English meaning - Cambridge Dictionary

    Learn the meaning of contract as a noun and a verb in English, with synonyms, antonyms, and related words. Find out how to use contract in different contexts, such as law, business, finance, and health.

  10. www.dictionary.com › browse › contractCONTRACT Definition & Meaning | Dictionary.com

    Learn the meaning and usage of the word contract as a noun, adjective, and verb. Find out the synonyms, idioms, and origin of contract, and see how it is used in sentences.

  11. www.legalmatch.com › what-is-a-contractWhat is a Contract? | LegalMatch

    Aug 8, 2023 · Learn the definition, elements, types, and enforcement of contracts. Find out when you need a lawyer for contract disputes and how to contact one.

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