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LSDefine

Simple English definitions for legal terms

literal contract

Read a random definition: security grading

A quick definition of literal contract:

A literal 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. The term "contract" can refer to the agreement itself or the physical document that contains the agreement. A contract is a promise or set of promises that the law recognizes as a duty, and if broken, the law provides a remedy.

A more thorough explanation:

A literal contract is an agreement between two or more parties that creates obligations that can be enforced by law. It can also refer to the written document that sets forth the terms of the agreement.

For example, if you sign a lease agreement with your landlord, you have entered into a literal contract. The lease agreement outlines the terms of your tenancy, such as the rent amount, the length of the lease, and any restrictions on the use of the property. If either party fails to fulfill their obligations under the lease agreement, the other party can take legal action to enforce the terms of the contract.

Another example of a literal contract is a purchase agreement for a car. The purchase agreement outlines the terms of the sale, such as the purchase price, the condition of the car, and any warranties or guarantees. If either party fails to fulfill their obligations under the purchase agreement, the other party can take legal action to enforce the terms of the contract.

In summary, a literal contract is a legally binding agreement between two or more parties that can be enforced by law. It is important to carefully review and understand the terms of any contract before signing it to avoid any potential legal issues in the future.

literal construction | litera legis

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General chat about the legal profession.
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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.
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.
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