Changes

A contract is a promise made enforceable by law, usually because the beneficiary of the promise agreed to do something in return for it.

A '''contract''' is a promise made enforceable by law, usually because the beneficiary of the promise agreed to do something in return for it.

Explained in another way, contract is an agreement between two or more persons which creates an obligation to do or not to do a particular thing. A legally enforceable agreement between two or more competent parties made either orally or in writing.

Explained in another way, contract is an agreement between two or more persons which creates an obligation to do or not to do a particular thing. A legally enforceable agreement between two or more competent parties made either orally or in writing.

: an offer

: an offer

: acceptance

: acceptance

: legal consideration

: legal [[consideration]]

Also, there must not be any defenses to contract formation.

Also, there must not be any defenses to contract formation.

<br>Force Majeure

<br>Force Majeure

<br>Choice of law and jurisdiction for disputes

<br>Choice of law and jurisdiction for disputes

<br>Arbitration

<br>[[Arbitration]]

<br>Merger

<br>Merger

<br>Severability

<br>Severability

<br>Disclaimer of Agency or employment relation

<br>Disclaimer of Agency or employment relation

[[Category:law]]

[[Category:law]]

[[category:legal terms]]

[[category:legal terms]]