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  2. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    A contract is an agreement between two or more parties creating reciprocal obligations enforceable at law. The elements of a contract are mutual consent, offer and acceptance, consideration, and legal purpose.

  3. Legal relationship - Wikipedia

    en.wikipedia.org/wiki/Legal_relationship

    A legal relationship, jural relationship, or legal relation is a connection between two persons or other entities that is governed by law. [1] A legal relationship may exist, for example, between two individuals or between an individual and a government. Legal relationships often imply rights and obligations.

  4. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    A binding agreement between actors in international law is known as a treaty. [3] Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. [4] Like other areas of private law, contract law varies between jurisdictions.

  5. Privity of contract - Wikipedia

    en.wikipedia.org/wiki/Privity_of_contract

    Vertical privity involves a contract between two parties, with an independent contract between one of the parties and another individual or corporation. If a third party gets a benefit under a contract, it does not have the right to go against the parties to the contract beyond its entitlement to a benefit.

  6. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    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).

  7. Erica Herman vs. Tiger Woods explained: ‘It’s a serious ...

    www.aol.com/sports/erica-herman-vs-tiger-woods...

    At its heart, an NDA is a contract between two people, a quid pro quo agreement in which both parties agree to maintain confidentiality in return for certain benefits — which can include ...

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