- formal contract
-
formal contract see contract
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
formal contract
Look at other dictionaries:
formal contract — ➔ contract1 * * * formal contract UK US noun [C] LAW ► an agreement in writing … Financial and business terms
Formal contract — A formal contract is a contract where the parties have signed under seal, while an informal contract is one not under seal. According to Harvey Boller, J.D. Professor of Law at Loyola University, roughly 100 percent of contracts today are… … Wikipedia
formal contract — A written contract or agreement as contrasted with an oral or informal contract or agreement. Historically, a formal contract was under seal; though this is generally no longer required. See also contract … Black's law dictionary
formal contract — A written contract or agreement as contrasted with an oral or informal contract or agreement. Historically, a formal contract was under seal; though this is generally no longer required. See also contract … Black's law dictionary
formal contract — noun 1. : a contract under seal or by statute having that effect : specialty contract 2. : recognizance 3. : a negotiable instrument … Useful english dictionary
formal contract — A written contract duly executed, also under seal where a seal is required by law … Ballentine's law dictionary
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations … Catholic encyclopedia
formal — [fôr′məl] adj. [ME < L formalis < forma, FORM] 1. of external form or structure, rather than nature or content 2. of the internal form; relating to the intrinsic or essential character or nature 3. of or according to prescribed or fixed… … English World dictionary
contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… … Financial and business terms
