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Simple English definitions for legal terms

Sanctity of contract

Read a random definition: fructus stantes

A quick definition of Sanctity of contract:

The sanctity of contract means that when two or more people agree to something and sign a contract, they must keep their promises and do what they agreed to do. It's like a promise that you make to someone, and you have to keep it. This is important because it helps people trust each other and do business together.

A more thorough explanation:

The sanctity of contract is a principle that states that once two parties enter into a contract, they must fulfill their obligations under that contract. This means that they must do what they promised to do in the contract, and they cannot back out of the contract without consequences.

For example, if you sign a lease agreement with your landlord, you are obligated to pay rent for the duration of the lease. If you fail to pay rent, your landlord can take legal action against you to enforce the contract.

Another example is when a company hires an employee and agrees to pay them a certain salary. The company must pay the employee the agreed-upon salary, and the employee must perform the duties outlined in their job description.

The sanctity of contract is important because it ensures that parties can rely on the promises made in a contract. If parties could easily back out of contracts, it would be difficult to conduct business and make agreements with others.

Sanction | Sarbanes-Oxley Act

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19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
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