Valid Contract

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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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Customs have valid contracts for boat docking and seasonal work.
The EO also has reference to contract agreements existing prior to the EO, so there you see the respect for valid contracts,' he added.
21 of 2015 on the adoption of the contract and completion of the export procedures by the commercial banks are considered as valid contracts and licenses until the end of the period of validity of the contract specified by two months.
They have valid contracts that should be respected by the respondent (BCDA)," he added.
All agreements are valid contracts, if made by free consent of parties competent to contract for a lawful consideration and with a lawful object and are not expressly declared to be void.
He pointed out that KOC has 700 valid contracts valued at KD 8.
At present two long-term valid contracts are in place which are as follows: (i) M/s Iranian Central Iron Ore Company (ICIOC), working under Ministry of Mines and Minerals - 400,000 tons valid June 2013; and (ii) M/s Ehya Sepahan, a private company, 300,000 tons (F) and 110,000 tons(I) valid up to June 2014, Business Recorder reported.
The state-run company acquires all the rights and privileges enjoyed by the former operator "Nexen" as well as all duties and obligations according to the valid contracts at the delivery field date of the oilfield.
Eight of the city's nine unions are without valid contracts.
The deal includes the business names of the sister companies Lainavaline NKP and VIP-Lift, valid contracts, rental assets, and business names related to the personnel lift rental business.
Covered entities must ensure that valid contracts are in place to cover their business associates' compliance with HIPAA requirements.
Valid contracts require that they give some benefits to both parties (called a consideration).