Valid Contract


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Related to Valid Contract: Unenforceable contract

Valid Contract

A contract that conforms to the law of the jurisdiction in which it is entered. In the event of a dispute, a court will enforce a valid contract.
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The US State Department says: "Russian authorities have abrogated a valid contract between AES and the Russian firm (INGS), thereby substantially interfering in an international commercial transaction".
Finding that a valid contract existed, the court held that the only promise supported by consideration was Hyatt's agreement to "hold a block of rooms for possible use by WIBC convention attendees and tournament participants, in return for WIBC's promise to take reasonable efforts in good faith to make other necessary arrangements to hold the 1996 WIBC convention in Buffalo.
The supporters of the landfill project knew right away; and the opponents knew, too, but they could not be expected to damage their own cause by agreeing that the district's alleged logic in pulling away from a valid contract, as they wanted, was pure hogwash.
On the federal level, the General Accounting Office issued a decision that electronic signatures create a valid contract that is consistent with federal law.
If consideration must be present to make the covenant a valid contract and if this consideration is specified in the covenant document itself, why is an appraisal advisable to value the covenant not to compete?
A comprehensive examination of the basic contracts law principles and concepts most relevant to Chief Administrative Officers, including elements of a valid contract (i.
The acquisition of textbooks are so far a valid contract.
Lehman Brothers have ignored a valid contract, stormed the hotel and have taken the law into their own hands.
Participants will learn the definition of a contract, requirements for a valid contract, and issues that arise if a contract is breached.
One thing is for sure, though -I have a valid contract with Liverpool, I am happy there and if they are happy with me, too, I am not going anywhere.
She further claimed that the agreement was a valid contract because it was supported by valuable consideration.
But it is now being misused as some agents have started sending women below the age of 30 without a valid contract.