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A term used to indicate a contract that lacks a required element and is therefore not legally binding.

A contract in which one party expressly agrees to an offer made by another.

The failure to perform a legal or contractual obligation or a failure to perform any obligation that forms part of a contract.

The ability of a party to understand and agree to the terms of a contract.

A contract that lacks one or more of the necessary elements and may be set aside at the option of one of the parties.

A legally binding agreement between parties that requires one or more parties to refrain from doing certain things.

An implied term that recognizes that certain matters, so obvious, were naturally not explicitly mentioned or written into a contract.

A legal concept of fairness and the equitable treatment of parties in a contract.

A written or oral statement that is not part of the contract's main subject matter but is related to it.

An inflammatory or derogatory remark that provokes another party to breach a contract.

A type of contract where the terms are not expressly stated but can be inferred from the nature of the transaction or the conduct of the parties.

An agreement where no money changes hands, but the value is provided in the form of a promise, act, or forbearance.

A clause that seeks to limit the financial liability of a party in the event of a breach.

The person who makes the proposal in a contract.

The cancellation of a contract and the return of the parties to the positions they would have been in if the contract had never been made.

A scenario in which one party to a contract agrees to shoulder more responsibility or risk than they cannot actually handle.

The unlawful constraining of someone to act against their will by threatening physical, emotional, or economic harm.

A contract that may be terminated by either party due to the breach of its terms by the other party.

A requirement under the Statute of Frauds that certain types of contracts be written and signed.

A unilateral declaration that one will not fulfill an expected performance, leading to the anticipation of a breach of contract.

A doctrine that applies when a party reasonably relies on the promise of another party, resulting in a detriment to the party who relied on the promise.

Agreement to the terms of a contract without any objection or coercion.

A condition in which one party promises not to compete with another party in a specified type of business.

The conclusion or termination of a contract due to the occurrence of a particular event or passage of time.

A promise that is unambiguous and doesn't require further clarification to be enforced.

The method used by a non-breaching party to enforce their rights following a breach of contract, often through monetary compensation.

An error in the substance of a contract that may provide grounds to invalidate the agreement.

A modification to the original terms of a contract, agreed upon by all parties involved.

Legally binding promises made within a contract.

Contracts that do not require a written agreement by statute and can be oral.

A conditional stipulation that may trigger or negate the enforcement of a contract.

An untrue statement that leads one party to enter into a contract.

An agreement derived from acts or conduct of the parties, rather than explicit words.

The act of intentionally deceiving another person, which results in injury or damage to the person.

An equitable remedy in contract law that compels one party to execute their side of the agreement, particularly when monetary damages are insufficient.

A mutual agreement between two or more parties that is enforceable by law.

An act of agreeing to an offer and its terms.

A clause that specifies the amount payable as damages in the event of a breach of contract.

An obligation created by the law for the sake of fairness or to resolve unjust enrichment, even when no true contract exists.

A contractual clause that releases one of the parties from all liabilities, regardless of who is at fault.

Money or a promise of something that can be measured in monetary value contributed by both parties to a contract.

An element of contract law requiring that a contract not violate legal statutes or public policy.