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Enforceable Contracts

oboloo Glossary

Enforceable Contracts

Enforceable Contracts

A contract is an agreement between two or more people that creates obligations that are enforceable by law. Contracts can be written, spoken, or implied by the actions of the parties. The purpose of a contract is to establish the terms of the agreement and to protect the interests of the parties involved.

Most contracts are valid and enforceable. However, there are some exceptions that can make a contract void or unenforceable. For example, if a contract is entered into under duress or coercion, it may be voidable at the option of one of the parties. A contract may also be unenforceable if it is illegal or if it violates public policy.

If a contract is found to be void or unenforceable, the court will usually not enforce it. This means that the parties will not be required to perform their obligations under the contract. In some cases, however, the court may choose to partially enforce a void or unenforceable contract. This is known as ‘severability.’

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