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1. • • Once you have agreed the terms of your deal and made a contract, you have a legal obligation or duty to go through with it. If you try to back out of it or violate any of the contract terms, you will be liable to be sued for breach of contract by the other party.
     www.clic.org.hk/en/topics/consumer_complaints/consumer_contracts/q1

     1. What is a contract? | Community Legal Information Centre (CLIC)

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   Is a contract a legal obligation?

   • A contract is an agreement (oral or written) that enable parties (individuals or businesses), businesses, and society to come together and collaborate towards their specific desires and needs. They are official agreements that are enforceable by law. In other words, a contract is a legal obligation.

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   What is a contractual obligation?

   • Contractual obligation refers to an agreement that results in enforceable or legally recognized obligations. Such parties collectively decide to carry out their respective responsibilities under the terms of the agreement when they sign it. Contract law regulates the nature, terms, and legality of such agreements.

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   What is a contract in law?

   • 1. What is a contract? A contract is an agreement giving rise to obligations which are recognized by law and which can be enforced under the law. A contract often involves paying money in exchange for goods or services.

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   Is a contract legally enforceable?

   • Contract law governs the legality of agreements made between two or more parties when there is an exchange of some sort intended to take place. In nearly all business transactions, contracts are made. Such contracts, even if made by a verbal agreement, are legally enforceable, as an obligation to fulfill the terms of the agreement has been created.

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3. www.clic.org.hk › consumer_complaints › consumer_contracts1. What is a contract? | Community Legal Information Centre ...

   www.clic.org.hk › consumer_complaints › consumer_contracts

   • 網頁紀錄

   A contract is an agreement giving rise to obligations which are recognized by law and which can be enforced under the law. A contract often involves paying money in exchange for goods or services. Except for some specific types of contract (e.g. contracts for the sale of land or real estate), Hong Kong law does not require a usual consumer ...

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     1. 何为合约？ 合约订明立约各方须履行的责任，而有关条款 ...

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     1. What are the statutory requirements for the quality ...

   • 繁體

     1. 何為合約？ 合約訂明立約各方須履行的責任，而有關條款 ...

   • Consumer Complaints

     2. Who can make a contract? A person with the age of 18 ...

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4. www.contractscounsel.com › b › define-contractDefine Contract: What is a Contract?

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   • Contract Definition
   • Required Elements For A Contract
   • Different Types of Contracts
   • Examples of Contracts
   • When Do I Need A Contract Lawyer?
   • Getting Help with Contracts

   A contract is an agreement, either written or spoken, between two or more parties that creates a legal obligation. The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached. A breach of contractis a failure, without legal excuse, to perform any parts of the contract. In some cases, a...

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   A contract must contain six essential elements in order to be enforceable: 1. Offer. A promise by one party to another that they will or will not perform a specific action in the future. Example: I will pay you $3,500 for the purchase of your vehicle. 2. Acceptance. Usually mirrors the terms of the offer—an expression, through words or deeds, that ...

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   Contracts are everywhere. You are probably using one or more contracts in your everyday life and do not even realize it. Following are some types of contracts used in our everyday lives. 1. Your lease agreementor mortgage 2. Terms and conditionsof your credit card 3. Employment contracts 4. Rental car company contracts 5. Service contractwhen you s...

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   Listed below are examples of contracts. 1. Bill of Sale. A bill of sale clearly outlines the basics of a sales agreement, such as the involved parties, the agreed upon price, and the terms of the deal. This type of contract will also prove the legal owner’s identity. 2. Promissory Note. A promissory note is the legal version of an IOU and allows so...

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   Hiring a contract lawyer is not always necessary, however, before signing a business contract, always have a lawyer look it over and confirm that you are getting what you expected. This is especially true for contracts that involve significant rights, obligations, and financial implications. The lawyer should go over all the contract clauses before...

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   Post a projectin ContractsCounsel’s marketplace to get flat fee bids from lawyers to draft and review contract. All lawyers in our network are vetted by our team and peer reviewed by our customers for you to explore before hiring.

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6. www.lexinter.net › law › contractContract Law: Understanding Agreements And Obligations

   www.lexinter.net › law › contract

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   2024年2月13日 · Contract law is the legal framework that controls parties’ agreements, specifying their rights, obligations, and remedies in various transactions. Contracts establish legally binding agreements, fostering certainty and confidence in business and personal

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7. www.contractscounsel.com › b › what-is-a-contractWhat is a Contract: Everything You Should Know

   www.contractscounsel.com › b › what-is-a-contract

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   A contract is either a written or spoken agreement between two or more parties that includes terms and conditions, which creates a legal obligation. The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached.

8. www.contractscounsel.com › b › contractual-obligationContractual Obligation: All You Need to Know

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   What Is a Contractual Obligation? Contractual obligation means a legally binding, official document, commonly known as a contract, is used to create a legally enforceable agreement between parties. The parties will bargain and decide on the terms they wish to

9. legaldictionary.net › contract-lawContract Law - Definition, Examples, Cases - Legal Dictionary

   legaldictionary.net › contract-law

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   2015年10月25日 · Contract law governs the legality of agreements made between two or more parties when there is an exchange of some sort intended to take place. In nearly all business transactions, contracts are made. Such contracts, even if made by a verbal agreement, are legally enforceable, as an obligation to fulfill the terms of the agreement has been created.

10. www.legalmatch.com › article › contract-obligationsContract Obligations - LegalMatch

    www.legalmatch.com › article › contract-obligations

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    2024年4月8日 · A contract obligation is a legally binding official document that forms a contract relationship between two or more parties. It is enforced by law, and each party can file a suit. The parties will bargain and decide on the conditions they want included in the contract before signing it.