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LSDefine

Simple English definitions for legal terms

alternative contract

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A quick definition of alternative contract:

An alternative contract is an agreement between two or more parties that creates obligations that can be enforced by law. It can be a written document or a verbal agreement. A contract is like a promise that must be kept, and if it is not kept, there are consequences. The consequences can be legal, like having to pay money or going to court. People use the word "contract" to refer to both the agreement and the written document, but the important thing is the agreement itself.

A more thorough explanation:

An alternative contract is a type of agreement between two or more parties that creates enforceable obligations. It is similar to a regular contract, but it may have different terms or conditions that are not typically found in traditional contracts.

For example, an alternative contract may include provisions for dispute resolution that are not commonly used in standard contracts. It may also include clauses that allow for more flexibility in the performance of obligations or that provide for alternative remedies in case of breach.

One example of an alternative contract is a lease agreement that includes a rent-to-own option. This type of contract allows a tenant to rent a property for a certain period of time, with the option to purchase the property at the end of the lease term. This type of contract is not typically found in standard lease agreements, but it provides an alternative option for tenants who may not be able to afford a down payment on a home.

Another example of an alternative contract is a partnership agreement that includes provisions for alternative dispute resolution. This type of contract may include clauses that require the parties to engage in mediation or arbitration before pursuing litigation in court. This can help to resolve disputes more quickly and cost-effectively than traditional litigation.

Overall, alternative contracts provide parties with more flexibility and options when it comes to creating enforceable obligations. They can be useful in a variety of situations, from real estate transactions to business partnerships.

alternative constituency | alternative devise

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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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