Valid Contract


Definition of "Valid contract"

One that is legally binding because it is in conformity with legal requirements and conditions.

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Popular Real Estate Terms

Capacity Of Parties

Legal capability of those involved in mutual assent of making a contract, including an insurance contract. Those who have been deemed to be incompeten ...

Consideration

(1) Anything of value given to induce a person or entity into entering a contract. It may be money, personal services, or the trading of property. A ...

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Valid Contract

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