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A contract is defined in law as an agreement between two parties with an offer, acceptance, and consideration.

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13y ago
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14y ago

A contract is a written form of an agreement between two or more parties for the doing or not doing of something specified.

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Q: Identify the term contract
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Related questions

Define between essentialia naturalia and incidentalia?

essentialia are term of a contract that identify the contract as one of the specific contract.naturalia are terms that are implied into a specific contract by law and incidentalia are the other term of the contract that parties have to agree to


What is the term contract?

contract is contract


What is the term of contract?

contract is contract


What is the Tagalog term of identify?

The Tagalog term for "identify" is "tukuyin" or "kilalanin."


What is a fixed term contract?

Generally, a fixed term contract means you are tied into the contract for a fixed term. An example would be like a telephone line, most companies have a fixed term contract of say 12 months. Apart from your 'tester period' at the beginning, you are stuck in the contract for 12 months.


Employee Contract?

form_title= Employee Contract form_header= Create a well written and widely used employee contract. Would you like to create a long term or short term contact?*= () Long Term () Short Term () Both Have you ever created a short term contract?*= () Yes () No Is the contract for permeant or temporary employment?*= () Temporary () Permanent () Both


Does term mean condition in a contract?

In some, yes. In others, no. It depends on how the contract uses the word "term".


Explain what is a term in contract?

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What is the Difference between short and long term contract?

A short term contract is any contract that is started and completed within a fiscal year. A long-term contract is any contract that is started in a fiscal year and is completed in another fiscal year. For instance. If the taxpayer has a December 31 year end and a contract is started on December 24th and completed on January 3rd, this is deemed a long-term contract even though the duration of the contract was only 10 days.


What are the types of long term contract?

longterm contract in supplier partnership


How many years of work a fixed term contract become a regular contract in big organizations?

The fixed term of a contract does not automatically change after any time period. It remains the same until replaced by a new contract that includes a negotiated change in term.


What is a transversal term contract?

A transversal term contract is a contract that allows multiple sellers to provide goods at fixed prices. The contract allows buyers to purchase goods from sellers for a certain amount of time at the prices set forth in the contract.