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Enforceable Contract

oboloo Glossary

Enforceable Contract

Enforceable Contract

An enforceable contract is a legally binding agreement between two parties. This means that the contract cannot be broken and that any party who breaches the contract can be held liable in a court of law. An enforceable contract must be made in good faith and with the intention of creating a binding agreement. It must also be supported by consideration, which is something of value given by one party to another in exchange for goods, services, or some other promise.

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