Contracts that are Enforeceable

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Freshman (College 1st year) ・Business ・APA ・1 Sources

Ideally, a contract describes an agreement which binds two or more parties to enforce the same, including the use of law. The key goal of any business enterprise in a sector is therefore contract compliance. There are various conditions to be satisfied in the agreement in the legal sense of the execution of any contract between two parties or more. Next, parties that can technically be detected under the agreements must be included in the deal. Therefore, the contract should be agreed to obtain legal consideration. Moreover, the contract must involve a perceived value in the agreement tenure. This involves an establishment of the parties' considerations in the acts (Henry, 2016).

At the same time, parties in the contract must demonstrate competence and capacity to execute the agreements in the content of the contract. Such considerations involve a deeper dig into the contractual capacities of any party involved in the agreement. This way, the systems provide for legal considerations a major concern in the process of making contractual enforcement consideration. Besides being a binding component of business, the contract must involve effective form of operation to appear as legal. In addition, the contract must be a willful operation by the parties involved. Hence, there should not be any external force or pressure in the process of agreements.

Concisely, a contract is a very crucial component of the business operation that requires effective framework in the agreement to occur as a legal aspect of the business. This way, the parties must ensure the contents follow the laid structures in the law. Hitherto, it must be competently agreeable, capacitated by all parties, legally considerable, as well willingly generated for it to be enforceable in the business society.

References

Henry Cheeseman (2016). Legal Environment of Business – Online Commerce, Business Ethics, and Global Issues 8th Edition, Pearson 2

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