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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In a contract by correspondence, if the acceptance of offer is established through letters, execution of formal agreement would not be essential to constitute a valid contract. Letters of offer and acceptance indicating the terms agreed upon by the parties would constitute a valid contract which would not be affected by subsequent negotiation and terms of contract would necessarily be judged from the letter of acceptance.
Davidson could see his big break coming when Williams and BAR went to court over who held a valid contract for the driver.
You would have to satisfy the sheriff there was a valid contract and it had been agreed you would pay the deposit on his behalf.
19 that although recruiters did make the promise, it was not a valid contract because the promise was not backed by law.
Many states permit such charges if they are imposed under a valid contract, are uniformly enforced, and in most states that have adopted the 1995 Uniform Act, are not "unconscionable" in amount.
Missouri uses the traditional elements of offer, acceptance, and consideration to determine whether a valid contract has been formed.
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".
The second arises from the terms of a valid contract and defines an event which must occur before a right or obligation matures under the contract.
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.
In this case, the brokerage agreement demonstrates that the parties intended to enter into a valid contract, which was for the broker to find space in other buildings as well as to negotiate a renewal lease on behalf of the tenants with their existing landlord, O&Y.
In finding that a "hedging transaction should not be construed so narrowly as to exclude a valid contract or agreement that gives its holder the flexibility to exercise it or not, depending on market conditions," the Claims Court may have departed from the objective standards imposed by the Court in Arkansas Best, by examining the taxpayer's subjective intent of investing to guarantee a source of oil.
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?