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A bilateral contract is an agreement in which each of the parties to the contract makes a promise or set of promises to each other. [32] For example, in a contract for the sale of a home, the buyer promises to pay the seller $200,000 in exchange for the seller's promise to deliver title to the property.
The social contract is an agreement of man with man; an agreement from which must result what we call society. In this, the notion of commutative justice, first brought forward by the primitive fact of exchange, ... is substituted for that of distributive justice ...
Contract, enforceable in a court of law Meeting of the minds (a.k.a. mutual agreement), a common understanding in the formation of a contract Pact, convention, or treaty between nations, sub-national entities, organizations, corporations
By 2019, when Hunter became the fastest player in NFL history to reach 50 sacks, the contract looked like a bargain for the Vikings. By 2020, when he opted for season-ending surgery on a herniated ...
(Reuters) -GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer giant was alleged to ...
An agreement to agree does not constitute a contract, and an inability to agree on key issues, which may include such things as price or safety, may cause the entire contract to fail. However, a court will attempt to give effect to commercial contracts where possible, by construing a reasonable construction of the contract ( Hillas and Co Ltd v ...
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