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  2. 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:
    A contract is an agreement between parties, creating mutual obligations that are enforceable by law.
    www.law.cornell.edu/wex/contract
    Contract 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-law
    A 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/
     
  3. People also ask
    What is contract law & how does it work?Contract 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.
    Is a contract enforceable by law?“An agreement which is enforceable by law is a contract”. So by the definition we can easily say that an agreement between two or more parties to do or abstain from doing something. According to Anson, “the law of contract is that branch of law which determines the circumstances in which a promise shall be legally binding on the person making it”.
    What is a legal contract?What defines a contract? A contract is a formal, legally binding agreement: an agreement between parties, creating mutual obligations that are enforceable by law. Legal professionals must ensure that the contracts they draft are not only well-constructed but also form an enforceable contract—a formal, legally binding agreement.
    legal.thomsonreuters.com
    What does a contract mean?What does Contract mean? A contract is a legally binding promise (oral or in writing) by one person to fulfil an obligation to another person in return for consideration. A binding contract comprises four elements: offer, acceptance, consideration and intention to create legal relations.
     
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