{"iri":"https://folio.openlegalstandard.org/RBPQXNYlLOe2ILlrQXwUo0M","label":"Contract Formation","sub_class_of":["https://folio.openlegalstandard.org/RdfKnWpXsG2eBmnS3oJNTF"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R0HJ4Pb6Bo9RmE3gbl7Wqh"],"comment":null,"deprecated":false,"preferred_label":"Agreement Formation","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Contract Formation is the event when a contract is formed and fully executed, meeting all legal requirements necessary for it to be binding and enforceable. This includes the elements of offer, acceptance, consideration, mutual assent, and legality of purpose.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}