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If an agreement is not signed, the terms of it are generally not binding (what I think you mean by legal). Binding means that the parties are legally obliged to carry out their obligations/duties in the contract. However, the agreement may be still valid and binding based on the intention.
24 Sep 2013 The definition of a contract is a legally binding, and enforceable by law, agreement made between two or more parties. The judges will have to look at certain criteria before deciding whether or not a contract has been breached and is enforceable.
If either is not present, there is no agreement and therefore no contract. What constitutes an offer? To constitute an offer, the offeror must intend to create a legal
To be legally binding, a contract needs these two essential components. They may not be minors (under 18 years of age), under the influence of drugs or
was not enforced because an 'honour clause' in the document stated "this is not a commercial or legal agreement
Lots of contracts are filled with mind-bending legal gibberish, but there's no reason why this has to be true. For most contracts, legalese is not essential or even
28 Feb 2007 Learn the elements needed to make a business contract legally binding. Have you ever considered suing someone for not holding up their
How does the law determine which promises are enforceable contracts and which are not? Is the Agreement a Contract? In a dispute, the court must initially
20 Nov 2006 Although lots of contracts are filled with mind-bending legal gibberish, there's no reason why this has to be true. For most contracts, legalese is
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