08 Apr All Contracts Are Agreement Explain
In the event that both parties to an agreement find themselves in an error of fact that is essential to the agreement [section 20]; Traditionally, “an agreement that is not applicable by law is considered invalid.” [sec 2(g)] In the example above, there is a legal obligation to enter into the agreement/agreement of both parties, that is what it is called the Legal Agreement and it is also a contract. For example, if Devdas asks Paro not to marry for the rest of his life, he will give him a new dress and shoes for it; it cannot be considered a valid contract, since the agreement is concluded in the withholding of the marriage. 9. www.citehr.com/200242-difference-between-agreement-contract.html#axzz17HIJrzRn Legally, a contract is a legally binding agreement between two or more parties which, if it contains the elements of a valid legal agreement, is enforceable by law  or by binding arbitration. A legally enforceable contract is an exchange of specific commitments and remedies in the event of an infringement. These may be compensatory funds for which the defaulting party is required to pay funds that would otherwise have been exchanged in the case of a contract, or an appropriate remedy, such as the special benefit, in which the person who entered into the contract is required to take the specific act that he did not perform. The above conditions must be met for an agreement to be legally applicable. The agreement expires when one of these conditions is not met, unless, in the case of free consent, the agreement is not in arre between, rather than null and void, and the party whose consent was not free at the time of the conclusion of the contract gives the right to pursue the contract or not. To enter into a contract, we must ensure that the following conditions are met: At the time of reaching an agreement, if a person is of an unhealthy mind or is disqualified by law; the agreement is considered inconclusive. On the other hand, an agreement with a minor is not concluded from the outset and therefore cannot be enforced. For example, if a 7-year-old boy buys an ice cream; although he enters into an agreement with the ice cream seller, he is not considered a contract, since he is a minor; The game is not in a position to be treated.