A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

What Is a Bilateral Contract? A bilateral contract is an agreement between two parties in which each side agrees to fulfill their side of the bargain. Typically, bilateral contracts involve an ...

Legal Implications of Contracts. A written contract documents an agreement between two parties under which both must perform. To form a contract, one party must make an offer to another party. If ...

Unilateral contracts are usually used to make optional offers. Bilateral contracts require an agreement between two parties and obligation on both sides.

A contract between individuals is signed by each individual or a contracted agent for the individual. A company has one or more approved individuals whose signature can commit the company.

The gist of the action doctrine does not bar a viable tort claim between two parties related by a contract. Earlier last year, the U.S. Court of Appeals for the Third Circuit in SodexoMAGIC v.