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LSDefine

Simple English definitions for legal terms

valid contract

Read a random definition: diaconus

A quick definition of valid contract:

A valid contract is an agreement between two or more people that creates obligations that can be enforced by law. It can be a written document or just a verbal agreement. A contract is like a promise that if one person does something, the other person will do something in return. If one person breaks the promise, the other person can ask a court to make them keep their promise or pay for any harm caused by breaking it.

A more thorough explanation:

A valid contract is an agreement between two or more parties that creates enforceable obligations. This means that if one party fails to fulfill their obligations, the other party can take legal action to seek a remedy. A contract can be written or verbal, but it must meet certain requirements to be considered valid.

For example, if you hire a contractor to remodel your kitchen and you both agree on the scope of work and the price, you have a valid contract. If the contractor fails to complete the work or does a poor job, you can take legal action to seek compensation.

However, if you agree to buy a used car from a private seller and they promise to fix a dent before you take possession of the car, but they fail to do so, you may not have a valid contract. This is because verbal agreements for the sale of goods over a certain value must be in writing to be enforceable.

In summary, a valid contract is a legally binding agreement that creates enforceable obligations between parties. It can be written or verbal, but it must meet certain requirements to be considered valid.

validating statute | validity opinion

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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 ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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