A contingent contract is a legal agreement that becomes enforceable only upon the occurrence or non-occurrence of a specific event. This form of agreement is commonly used in various business transactions, including mergers and acquisitions.
A contract is a legally binding agreement that arises from an offer and acceptance, meeting certain legal criteria and compliance for enforceability.
Mutual assent to terms by parties to a contract. A traditional rule of contract law is that the agreement, to be legally enforceable, must be accurately expressed within the terms of the contract the parties create, for therein lies the required meeting of the minds.
An oral contract refers to an agreement between parties that is either not written down or not signed by the parties involved.
A term used to indicate that an agreement or a legal document is legally binding, sufficient, and authorized by law.
