Enforceable Contract At A Glance
An enforceable contract is any legal contract which carries the force of law behind it. It is a legal agreement between two parties which is legal binding. An enforceable contract is any legal agreement between two parties which is not restricted by any laws.
Unlike an unenforceable contract, a party which has agreed to be bound by a legal contract can and will be compelled to act to fulfill the terms to which it has agreed.
A legal contract is never a void contract, though it may be a voidable contract. What was previously an enforceable contract may become unenforceable in the event laws that make the contracted act illegal are passed after the contract has been created.
Related Topics
- Don't Miss These Important Facts About Illegal Contracts
- Quick Overview to LLC Operating Agreement
- Understanding the Confidentiality Laws
- Simple Overview of Exculpatory Clause
- Fast Overview on Fraudulent Misrepresentation
- Lease Agreement Explained
- Quick Overview of The Background of An Agreement
- In Depth Overview of Principal
- All You Need to Know About Treaty of Paris
- Aircraft Letter of Intent