Contract definition: an agreement enforceable by law establishes when parties' promises become legally binding. Definition of contract: an agreement that is enforceable by law constitutes a contract under section 2(h); the note distinguishes ordinary agreements from ... Summary
Contract definition: an agreement enforceable by law establishes when parties' promises become legally binding.
Definition of contract: an agreement that is enforceable by law constitutes a contract under section 2(h); the note distinguishes ordinary agreements from those bearing legal enforceability and serves as a concise terminological guide for when parties' promises attain legal effect for contractual purposes.
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