Legal Agreement

A Legal Agreement is an agreement that may be enforceable by law between two or more legal parties.

• Context:
  • It can contain various Legal Agreement Document Components (such as an offer component and valid consideration component).
  • It can range from a Verbal Legal Agreement to a Written Legal Agreement (legal agreement document).
  • It can range from being a Legal Agreement between Individuals, Legal Agreement between Organizations, or a combination of both.
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• Example(s):
  • a Legal Contract, such as: Lease Agreement, Software License Agreement, Marriage Contract.
  • a Treaty, such as the Treaty of Versailles between nations.
  • a Power of Attorney Agreement, permitting one person to act on another's behalf in legal matters.
  • a Last Will and Testament, stipulating the distribution of an individual's assets after death.
  • a Promissory Note Agreement, detailing a written promise to pay a definite sum of money.
  • an Arbitration Agreement, committing to settle disputes through arbitration rather than court proceedings.
  • a Medical Consent Form, acknowledging a person's agreement to undergo a specific medical procedure.
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• Counter-Example(s):
  • a Governmental Permit, which is a unilateral grant of permission from the government.
  • a Casual Promise, like a friendly agreement.
  • a Promise to Oneself, such as a New Year's resolution (such as a dietary commitment).
  • an Affidavit Document, as it is a unilateral sworn statement of fact under law.
• See: Contract Law, International Law, Business Law, Rescission (Contract Law), Damages, Law of Obligations, Legal Entity.

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References

2023

• (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Contract Retrieved:2023-4-28.
  • A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. A binding agreement between actors in international law is known as a treaty. ...

2023

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  • A legal agreement is an arrangement or understanding between two or more parties that is enforceable by law. This term is broader than a contractual agreement, encompassing not just contracts but other types of enforceable arrangements as well. These could include certain types of implied agreements, unenforceable contracts, and some forms of quasi-contractual obligations. A legal agreement becomes enforceable when it meets the requirements of the applicable law, and the specifics of these requirements can vary depending on the jurisdiction and the nature of the agreement.

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