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LSDefine

Simple English definitions for legal terms

contract

Read a random definition: defectus

A quick definition of contract:

A contract is a promise that the law will make sure is kept. It's an agreement between people that they have to follow. For a contract to be legal, both people have to agree to it, there has to be something valuable exchanged, and it has to be allowed by the law. If someone breaks a contract, the other person can ask for money to make up for what they lost because of the broken promise. Sometimes, even if there wasn't a real contract, a court might make someone pay if they promised something and the other person relied on that promise.

A more thorough explanation:

A contract is a legally binding agreement between two or more parties. It creates mutual obligations that can be enforced by law. For a contract to be valid, it must have:

If one party breaches the contract, the other party may seek remedies such as general damages, consequential damages, reliance damages, or specific performance.

Examples of contracts include:

For instance, a lease agreement is a contract that outlines the terms and conditions of renting a property. If the tenant fails to pay rent, the landlord can seek remedies such as eviction or damages. Similarly, if the landlord fails to provide a habitable living space, the tenant can seek remedies such as rent reduction or repairs.

If a contract is breached, the non-breaching party may seek remedies such as:

Expectation damages aim to compensate the non-breaching party for the amount of money they would have made if the contract had been fully performed. Consequential damages aim to compensate the non-breaching party for any foreseeable losses resulting from the breach. Reliance damages aim to compensate the non-breaching party for any expenses incurred in reasonable reliance on the contract. Specific performance aims to force the breaching party to fulfill their obligations under the contract.

Contracts of adhesion are a special type of contract that may be beneficial for some parties but can also be unfair or unconscionable. Examples include mortgage agreements, lease agreements, and online purchase agreements. Courts may scrutinize these contracts more closely due to the possibility of unequal bargaining power.

contraband | Contract Disputes Act

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General chat about the legal profession.
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TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
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
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