In order for a contract to be created, there must be an offer, acceptance, and consideration. Offer and acceptance pretty much speak for themselves. When it comes to an offer, it needs to be specific and understandable. Acceptance must also be apparent, and you can’t enforce an agreement with no explicit acceptance by the other side. Consideration is where the bulk of the contract is centered. Consideration is the “bargained-for exchange” between two or more parties.
September 6, 2024
Text messages can serve as a legally binding contract if they fulfill all the standard criteria, such as offer, acceptance, and mutual assent. However, challenges like lack of clarity and the need for formalities can complicate their enforceability.
September 6, 2024
In this article, we’ll define “force majeure” and discuss if this type of clause can really be enforced, how the language of the contract affects a force majeure clause and how to prove or disprove the validity of force majeure clauses in business contracts. To say the world of business has been turned upside down, inside out and set on fire by the coronavirus might be an understatement.
September 5, 2024
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