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contract, in the simplest definition, a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting. If one of the parties fails to keep the promise, the other is ...
CONTRACT ý nghĩa, định nghĩa, CONTRACT là gì: 1. a legal document that states and explains a formal agreement between two different people or…. Tìm hiểu thêm.
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.
The basics explained. Simply put, a contract is an agreement between two or more people or entities that creates a legal duty or responsibility. Entities entering a contract might include individual people, companies, corporations and organizations, but there are a few conditions that must be met for the contract to hold water in the courtroom.
Aug 8, 2023 · A contract is an agreement between two private parties that creates mutual legal obligations for the parties to the contract. Contracts can be in an oral form or a written form. However, it is important to note that an oral contract is more challenging to enforce and should be avoided when possible. Some contracts have to be in writing to be ...
A contract is an agreement, either written or spoken, between two or more parties that 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 breach of contract is a failure, without legal excuse, to perform any parts of the contract.
to enter into an agreement with (a person, company, etc) to deliver ( goods or services) or to do (something) on mutually agreed and binding terms, often in writing. 3. to draw or be drawn together; coalesce or cause to coalesce. 4. (transitive) to acquire, incur, or become affected by (a disease, liability, debt, etc)
