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- A contract in law is12345:
- An agreement between parties.
- Creating mutual obligations.
- Enforceable by law.
- Requires mutual assent.
- Legally binding.
- Describes certain obligations that the parties are bound to fulfill.
- Can be written, verbal, or implied by actions.
- Must meet certain requirements to be considered a contract.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A contract is an agreement between parties, creating mutual obligations that are enforceable by law.www.law.cornell.edu/wex/contractContract law is a body of law that governs, enforces, and interprets agreements related to an exchange of goods, services, properties, or money. According to contract law, an agreement made between two or more people or business entities, in which there is a promise to do something in return for a gain or advantage, is legally binding.legaldictionary.net/contract-law/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.www.britannica.com/money/contract-lawA contract is an agreement between two private parties that creates mutual legal obligations for the parties to the contract.www.legalmatch.com/law-library/article/what-is-a-c…A contract is a legally binding agreement between two or more parties that describes certain obligations that the parties are bound to fulfill. The agreement can be written, verbal, or even implied by the actions of the parties. However, not all agreements are contracts. For an agreement to be a contract, it must meet certain requirements.lawrina.org/guides/business/contract-law/ - People also ask
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