Search results
Results from the WOW.Com Content Network
Agreement between the parties must such that they have an intention to enter into contract having consensus ad idem i.e. meeting of mind should be there and it should be in the same sense while entering into contract. In Baltimore & Ohio R. Co. v. United States (1923) [8] the US Supreme Court said an implied in fact contract is, an agreement ...
A decree that does not enter into force unless some other specified condition is met. / ˈ n aɪ s aɪ / nisi prius: unless first Refers to the court of original jurisdiction in a given matter. / ˈ n aɪ s aɪ ˈ p r aɪ ə s / nolle prosequi: not to prosecute
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is ...
Adams (1981)—that ruled that explicit congressional consent of interstate compacts is not required for agreements "which the United States can have no possible objection or have any interest in interfering with" (in addition to ruling that the words "agreement" and "compact" used in the Compact Clause are synonyms). [3]
An agreement between two parties can enter into force in two ways. The first is when both parties have met specified terms for entry in the agreement. The second way in which a treaty enters into force is when both parties decide to be mutually bound to the agreement as of a certain date.
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The activities and intentions of the parties entering into a contract may be referred to as contracting. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission. [2] A binding agreement between actors in international law is known as a ...