A contract is a legally binding exchange
of promises or
A contract is a legally
binding exchange of promises or agreement between parties that the law
will enforce.
Breach of contract is recognized by the law and remedies can be provided.
Almost everyone makes contracts everyday. Sometimes written contracts are
required, e.g., when buying a house. However the vast majority of
contracts can be and are made orally. Contract law can be classified, as
is habitual in civil law systems, as part of a general law of obligations
(along with tort, unjust enrichment or restitution). |
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10 Treanor St, San Rafael, CA 415 482-1675
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102 Calle Del Arroyo, Stinson Beach, CA 415 868-2265 |
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