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- Types of legal agreements include123:
- Express contracts: Provide specific terms for the contract.
- Implied contracts: Often verbal, these contracts are situational rather than explicit.
- Conditional contracts: Fulfillment of the contract depends on the meeting of specific conditions.
- Bilateral and unilateral contracts: Involve either mutual promises or one promise in exchange for an act.
- Unconscionable contracts: Are grossly unfair or oppressive to one party.
- Adhesion contracts: Are drafted by one party and presented to the other on a take-it-or-leave-it basis.
- Aleatory contracts: Depend on an uncertain event or risk.
- Joint contracts: Multiple parties are involved in the contract.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are many types of legal agreements that may be encountered while conducting business, each with differing qualities meant to fulfill different needs.3 min read 1. Legal Agreements Overview 2. Express Contracts 3. Implied Contracts 4. Bilateral and Unilateral Contracts 5. Unconscionable Contracts 6. Adhesion Contracts 7. Aleatory Contracts 8.
www.upcounsel.com/types-of-legal-agreementsA few common types of contracts include: Express contracts: Provide specific terms for the contract. Conditional contracts: Fulfillment of the contract depends on the meeting of specific conditions. Joint contracts: Multiple parties are involved in the contract. Implied contracts: Often verbal, these contracts are situational rather than explicit.www.contractscounsel.com/b/contract-lawCommon examples include contracts for the sale of services and goods, construction contracts, contracts of carriage, software licenses, employment contracts, insurance policies, sales or leases of land, among others.
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