A legally binding agreement between two or more parties, outlining rights and obligations.

The process of writing a contract, ensuring clarity, precision, and legal compliance.

The dialogue between parties aimed at reaching an agreement on contract terms.

A contract that meets all legal requirements, making it enforceable by law.

An agreement involving mutual promises from both parties.

A contract where one party makes a promise in exchange for an act by another.

A contract formed by the actions or conduct of the parties rather than written terms.

A provision in a contract detailing the actions to take if a breach occurs.

Failure to fulfill the terms of a contract, which can lead to legal remedies.

Options available to a party when a breach of contract occurs, such as damages or specific performance.

An analysis of a real-life legal scenario to illustrate contract law principles.

Essential components of a valid contract, including offer, acceptance, and consideration.

Something of value exchanged between parties in a contract, necessary for validity.

A provision specifying the conditions under which a contract can be ended.

The jurisdiction's laws that will govern the interpretation and enforcement of the contract.

A contract that protects sensitive information shared between parties.

Individuals or entities entering into a contract, typically referred to as the 'offeror' and 'offeree'.

The ability of a contract to be upheld in a court of law.

A legal remedy requiring a party to fulfill their contractual obligations.

A method of resolving disputes outside of court, often included as a clause in contracts.

A collaborative process where a neutral third party assists in resolving contract disputes.

The transfer of rights or obligations under a contract to another party.

The evaluation of a contract draft to ensure it meets legal and business standards.

A contract created and signed electronically, recognized as legally binding.

Duties and responsibilities that parties are bound to fulfill under a contract.