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LSDefine

Simple English definitions for legal terms

bona fide contract

Read a random definition: in arcta et salva custodia

A quick definition of bona fide contract:

A bona fide 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 broken, there are consequences. The term "contract" can refer to the agreement itself or the written document that records the agreement. It is important to understand that a contract is a serious commitment that should not be taken lightly.

A more thorough explanation:

A bona fide contract is an agreement between two or more parties that is legally enforceable. This means that if one party fails to fulfill their obligations under the contract, the other party can take legal action to seek a remedy.

For example, if you sign a contract to buy a car from a dealership, the dealership is legally obligated to sell you the car and you are legally obligated to pay for it. If either party fails to fulfill their obligations, the other party can take legal action to seek a remedy, such as suing for damages.

It's important to note that a contract must be entered into in good faith in order to be considered bona fide. This means that both parties must be honest and sincere in their intentions to fulfill the obligations of the contract. If one party enters into the contract with the intention of deceiving the other party, the contract may not be considered bona fide.

bona felonum | bona fide emptor

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General

General chat about the legal profession.
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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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