Agreement Formation

Contract Formation - 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.

Class Information

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Identification

Label (rdfs)
Contract Formation
Preferred Label
Agreement Formation
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Definition and Examples

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.
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Additional Information

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Deprecated
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