What is a legal contract?

Kevin Apr-29-2023 03:00:33

369 days ago

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A legal contract is an agreement between two or more parties that is legally enforceable. It outlines the conditions, responsibilities, and obligations of each of the parties involved, and it establishes a legal basis for the enforcement of any agreement made between them. The enforceability of a legal contract is dependent on the agreement being in writing, signed by all parties, and containing all essential elements of a contract, such as an offer, acceptance, and consideration. A legal contract may involve the exchange of goods, services, money, or a combination of these for a specified purpose.

Ziad

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answered 22 Aug 2023

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