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Bookmark or Share- Contractual Relationship: Everything You Need to Know - UpCounselA contractual relationship exists to allow two or more parties to be involved in an exchange. By trading services, goods, property, and intangible rights, the society and economy can continue to grow and thrive. However, contracts help to regulate and facilitate these exchanges or trades.
- Contractual Agreement: Definition, Examples, How To WriteA contractual agreement is a legally binding agreement between two parties. The contract's terms and conditions will require the parties to either do or refrain from doing specific actions. A contractual agreement is legally enforceable if it meets these specific requirements:
- Contracts 101: Definition, Types, Essential Elements & Lifecycle - FactorContracts are legally binding agreements. They outline the terms and conditions of the agreement (such as the goods or services being exchanged), the responsibilities and obligations of each party and the consequences of non-compliance.
- contract | Wex | US Law | LII / Legal Information InstituteA 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 Law in the US: Definition & Examples | LawrinaBy understanding the legal remedies that are available and choosing to work with experienced legal counsel, parties to contracts can protect their rights and interests when those contracts require legal enforcement.
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