Olga Aleksandrowa
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CONTRACT definition: 1. a legal document that states and explains a formal agreement between two different people or…. Learn more.
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 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.
In most cases, a contract is required for any business transaction. Having a contract lawyer to facilitate the contract process is a good idea. These scenarios may warrant a contract lawyer. You are a business using freelancers to work on behalf of your company. Your company is conserving merging with another company.
a legal agreement between two people or organizations, especially one that involves doing work for a particular amount of money. Examples. a legally binding contract. a lucrative contract. I don't remember signing a contract. They have to provide a contract by law. Your contract will set out the terms of your employment.
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: an agreement between two or more parties for the doing or not doing of something specified.. See examples of CONTRACT used in a sentence.
Dec 12, 2023 · A contract is a legally binding agreement, usually between only two parties. For the contract to be legally binding, several requirements must be fulfilled: A meeting of the minds between the parties, manifested through offer and acceptance; Consideration; An intention to create legal relations; Parties must have a capacity to ...
A contract is a legally binding promise (oral or in writing) by one person to fulfil an obligation to another person in return for consideration. A binding contract comprises four elements: offer, acceptance, consideration and intention to create legal relations.
A contract is an agreement (oral or written) that enable parties (individuals or businesses), businesses, and society to come together and collaborate towards their specific desires and needs. They are official agreements that are enforceable by law. In other words, a contract is a legal obligation.
