FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RBPQXNYlLOe2ILlrQXwUo0M
Label Contract Formation
Preferred Label Agreement Formation
Identifier N/A
Alternative Labels

None

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.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

Parent Class Of 0

  • • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available