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LSDefine

Simple English definitions for legal terms

deposit contract

Read a random definition: special-use permit

A quick definition of deposit contract:

A deposit contract is an agreement between two or more parties that creates obligations that can be enforced by law. It can be a written document that shows the agreement, but the important thing is the legal obligations that come from it. A contract is like a promise that if someone doesn't keep, there will be consequences.

A more thorough explanation:

A deposit contract is a type of contract that creates obligations between two or more parties. These obligations are legally enforceable.

For example, when you rent an apartment, you sign a deposit contract with the landlord. The contract states that you will pay a certain amount of money as a security deposit. In return, the landlord promises to return the deposit to you at the end of the lease term, provided you have fulfilled all the terms of the lease agreement.

Another example of a deposit contract is when you open a bank account. You sign a contract with the bank that outlines the terms and conditions of the account. The contract states that you will deposit money into the account, and the bank will hold the money for you. In return, the bank promises to pay you interest on your deposits and provide you with certain services, such as online banking and ATM access.

These examples illustrate how a deposit contract creates legal obligations between two parties. The contract outlines the terms and conditions of the agreement, and both parties are bound by these terms. If one party fails to fulfill their obligations, the other party may have legal recourse to enforce the contract.

deposit company | deposit in court

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General chat about the legal profession.
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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
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.
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