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LSDefine

Simple English definitions for legal terms

sealed contract

Read a random definition: inter vivos gift

A quick definition of sealed contract:

A sealed 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 serves as evidence of the agreement, but the term "contract" usually refers to the legal relations resulting from the agreement. In simpler terms, a sealed contract is a promise that must be kept, and if it is broken, there will be consequences.

A more thorough explanation:

A sealed contract is an agreement between two or more parties that creates enforceable obligations. It is called a "sealed" contract because it is signed and sealed by the parties involved. The seal is usually a wax or adhesive stamp that is affixed to the document to signify its authenticity.

For example, a company may enter into a sealed contract with a vendor to purchase goods or services. The contract would outline the terms of the agreement, such as the price, delivery date, and payment terms. Once both parties sign and seal the contract, it becomes legally binding.

Another example of a sealed contract is a real estate transaction. When a buyer and seller agree to the terms of a sale, they sign and seal a contract that outlines the details of the transaction, such as the purchase price, closing date, and any contingencies.

Sealed contracts are important because they provide a clear record of the agreement between the parties. If there is a dispute later on, the sealed contract can be used as evidence in court to prove the terms of the agreement.

sealed-container rule | sealed instrument

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General

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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