Valid Contract Clause Samples
A Valid Contract clause defines the essential requirements that must be met for an agreement to be legally enforceable. Typically, this includes mutual consent, lawful consideration, capacity of the parties, and a lawful object. For example, both parties must agree to the terms, exchange something of value, and have the legal ability to enter into the contract. The core function of this clause is to ensure that the contract is recognized by law and can be upheld in court, thereby preventing disputes over the enforceability of the agreement.
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Valid Contract. This Contract is valid, enforceable, and legally binding obligation of the Consultant;
Valid Contract. Such Finance Lease is a legal, valid and binding full recourse payment obligation of the related Lessee enforceable in accordance with its terms (except as may be limited by applicable insolvency, bankruptcy, moratorium, reorganization, or other similar laws affecting enforceability of creditors’ rights generally and the availability of equitable remedies) and is in full force and effect and such Finance Lease has not been satisfied, subordinated or rescinded;
Valid Contract. In order for this Contract for Professional Engineering Services to be valid, it must be executed by the Town Manager or his or her authorized designee, and must be preaudited in that manner required by the Local Government Budget and Fiscal Control Act, as the same may be amended.
Valid Contract. This Contract constitutes the legal, valid and binding obligation of Contractor, enforceable against Contractor in accordance with its terms, subject only to applicable bankruptcy, insolvency and similar Laws affecting the enforceability of the rights of creditors generally and general principles of equity.
Valid Contract. Each Lease Agreement is a legal, valid and binding full recourse payment obligation of the related Lessee, is enforceable in accordance with its terms (except as may be limited by applicable insolvency, bankruptcy, moratorium, reorganization, or other similar laws affecting enforceability of creditors' rights generally and the availability of equitable remedies) and is in full force and effect and such Lease Agreement has not been satisfied, subordinated or rescinded;
Valid Contract. This Contract constitutes the legal, valid and binding obligation of TSI Contractor, enforceable against TSI Contractor in accordance with its terms, subject only to applicable bankruptcy, insolvency and similar Laws affecting the enforceability of the rights of creditors generally and general principles of equity.
Valid Contract. In order for this Contract for Professional Management Services to be valid, it must be executed by the City Manager or his or her authorized designee, and must be pre‐audited in that manner required by the Local Government Budget and Fiscal Control Act, as the same may be amended.
Valid Contract. To have a valid and enforceable contract there needs to be (1) an offer, (2) acceptance, and (3) consideration. Here, the facts indicate that ▇▇▇ and ▇▇▇▇ reached an agreement related to the terms. Thus, the first two elements are present. Additionally, the contract calls for ▇▇▇▇ to construct a residence to ▇▇▇’s specifications and for Ben to pay ▇▇▇▇ $200,000 in return. Thus, there is a bargained-for exchange of legal detriment by the parties because they are both doing something that they have no legal obligation to do, in exchange for a benefit.
Valid Contract. If all the condition are fulfilled it is called as a valid contract. contracts are either in writing or in oral. Implied contract - When contracts are neither in writing nor in oral but inferred from the acts or circumstances of a particular case.
Valid Contract. An agreement which has all the essential elements of a contract is called a valid contract. A valid contract can be enforced by law. (ii) Void contract [Section 2(j)]: An agreement not enforceable by law is said to be void . A void contract is a contract which ceases to be enforceable by law. A contract when originally entered into may be valid and binding on the parties. It may subsequently become void.