contract

Related Terms
A voluntary, deliberate, and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied, and generally have to do with employment, sale or lease, or tenancy.

A contractual relationship is evidenced by (1) an offer, (2) acceptance of the offer, and a (3) valid (legal and valuable) consideration. Each party to a contract acquires rights and duties relative to the rights and duties of the other parties. However, while all parties may expect a fair benefit from the contract (otherwise courts may set it aside as inequitable) it does not follow that each party will benefit to an equal extent.

Existence of contractual-relationship does not necessarily mean the contract is enforceable, or that it is not void (see void contract) or voidable (see voidable Contract). Contracts are normally enforceable whether or not in a written form, although a written contract protects all parties to it. Some contracts, (such as for sale of real property, installment plans, or insurance policies) must be in writing to be legally binding and enforceable. Other contracts (see implied in fact contract and implied in law contract) are assumed in, and enforced by, law whether or not the involved parties desired to enter into a contract.

Use 'contract' in a Sentence

The lawyer outlined the terms and conditions of the new company's contract with their supplier to ensure that both sides were benefiting from the arrangement.
16 people found this helpful
Any time you sign a contract you must make sure to follow through with it completely to keep your reputation in tact.
14 people found this helpful
The inexperienced high school grad, perhaps too hastily, signed the contract on his expensive, new car - all without reading the fine print.
14 people found this helpful


<cite id="yvPRVNP"></cite>
<var id="yvPRVNP"></var><var id="yvPRVNP"></var>
<var id="yvPRVNP"><span id="yvPRVNP"></span></var>
<cite id="yvPRVNP"><span id="yvPRVNP"></span></cite>
<ins id="yvPRVNP"><video id="yvPRVNP"></video></ins>
<cite id="yvPRVNP"></cite>
<ins id="yvPRVNP"></ins>
<var id="yvPRVNP"></var><cite id="yvPRVNP"><span id="yvPRVNP"></span></cite>
<ins id="yvPRVNP"><span id="yvPRVNP"><cite id="yvPRVNP"></cite></span></ins>
<cite id="yvPRVNP"></cite><cite id="yvPRVNP"></cite>
<cite id="yvPRVNP"></cite><ins id="yvPRVNP"><span id="yvPRVNP"><var id="yvPRVNP"></var></span></ins><var id="yvPRVNP"><video id="yvPRVNP"></video></var>
<cite id="yvPRVNP"></cite>
<cite id="yvPRVNP"><span id="yvPRVNP"></span></cite>
<var id="yvPRVNP"></var>
<cite id="yvPRVNP"><span id="yvPRVNP"></span></cite><cite id="yvPRVNP"></cite>
<cite id="yvPRVNP"><span id="yvPRVNP"></span></cite><var id="yvPRVNP"><span id="yvPRVNP"></span></var>
<var id="yvPRVNP"><span id="yvPRVNP"></span></var><cite id="yvPRVNP"></cite>
<ins id="yvPRVNP"></ins>
<ins id="yvPRVNP"></ins>
<ins id="yvPRVNP"><span id="yvPRVNP"><cite id="yvPRVNP"></cite></span></ins>
<ins id="yvPRVNP"><span id="yvPRVNP"><cite id="yvPRVNP"></cite></span></ins>
  • 561773583 2018-01-21
  • 527306582 2018-01-21
  • 376155581 2018-01-21
  • 279163580 2018-01-21
  • 833884579 2018-01-21
  • 480651578 2018-01-21
  • 768512577 2018-01-21
  • 694657576 2018-01-21
  • 665167575 2018-01-20
  • 576171574 2018-01-20
  • 84494573 2018-01-20
  • 504150572 2018-01-20
  • 796416571 2018-01-20
  • 72279570 2018-01-20
  • 50734569 2018-01-20
  • 5215568 2018-01-19
  • 512120567 2018-01-19
  • 314858566 2018-01-19
  • 11778565 2018-01-19
  • 702126564 2018-01-19