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A legally binding agreement between two parties. | 1. ''Law - noun.'' | ||
A contract is a legally binding agreement between two parties. | |||
Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements). | Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements). | ||
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However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for [[consideration]]. | However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for [[consideration]]. | ||
2. ''Law - verb.'' | |||
To form or create a contract. | |||
3. ''Size or number - verb.'' | |||
To become smaller, or fewer. | |||
== See also == | == See also == | ||
* [[Arbitration clause]] | |||
* [[Assignment]] | * [[Assignment]] | ||
*[[Best practice]] | |||
* [[Boilerplate]] | |||
* [[Breach of contract]] | * [[Breach of contract]] | ||
* [[Capacity]] | * [[Capacity]] | ||
* [[Carve-out]] | |||
*[[Code]] | |||
*[[Competence]] | |||
*[[Compliance]] | |||
* [[Condition]] | * [[Condition]] | ||
* [[Consensus in idem]] | * [[Consensus in idem]] | ||
* [[Consideration]] | * [[Consideration]] | ||
* [[Contra proferentem]] | * [[Contra proferentem]] | ||
* [[Contract for differences]] | |||
* [[Contract hire]] | |||
* [[Contract purchase]] | |||
* [[Contracting]] | |||
* [[Contractor]] | |||
* [[Counter-offer]] | * [[Counter-offer]] | ||
* [[Covenant]] | |||
* [[Currency contract]] | |||
* [[Currency forward contract]] | |||
* [[Deal]] | |||
*[[Directive]] | |||
* [[Discharge of contract]] | |||
* [[Dispute]] | |||
* [[Documentation]] | |||
* [[Eiusdem generis]] | * [[Eiusdem generis]] | ||
*[[Enforcement]] | |||
* [[Engagement letter]] | * [[Engagement letter]] | ||
* [[Exemption clause]] | * [[Exemption clause]] | ||
* [[Express term]] | * [[Express term]] | ||
*[[Ethics]] | |||
* [[Financial covenant]] | |||
* [[Fit for purpose]] | |||
* [[Force majeure]] | |||
* [[Foreign exchange forward contract]] | |||
* [[Forward contract]] | |||
* [[Forward forward contract]] | |||
*[[Framework]] | |||
* [[Freight]] | |||
* [[Frustration]] | * [[Frustration]] | ||
* [[Futures contract]] | |||
*[[Good practice]] | |||
*[[Governance]] | |||
*[[Guidance]] | |||
* [[IFRS 4]] | |||
* [[Implied term]] | * [[Implied term]] | ||
* [[Indemnity clause]] | * [[Indemnity clause]] | ||
* [[Insurance]] | |||
* [[Invitation to treat]] | * [[Invitation to treat]] | ||
* [[Jurisdiction]] | |||
* [[Law]] | |||
* [[Lease]] | * [[Lease]] | ||
* [[Legislation]] | |||
* [[Liquidated damages]] | * [[Liquidated damages]] | ||
* [[Loan agreement]] | |||
* [[Long term contracts]] | * [[Long term contracts]] | ||
* [[Memorandum of understanding]] | |||
* [[Minor]] | * [[Minor]] | ||
* [[Misrepresentation]] | * [[Misrepresentation]] | ||
* [[My word is my bond]] | |||
* [[Negligence]] | |||
* [[Open contract netting]] | |||
* [[Open interest]] | * [[Open interest]] | ||
* [[Performance]] | |||
* [[Performance risk]] | * [[Performance risk]] | ||
*[[Principle]] | |||
* [[Private treaty]] | |||
* [[Privity of contract]] | * [[Privity of contract]] | ||
*[[Red tape]] | |||
* [[Regime]] | |||
* [[Regulation]] | |||
* [[Replacement contract netting]] | |||
*[[Reporting]] | |||
* [[Repudiation]] | * [[Repudiation]] | ||
* [[Restrictive covenant]] | * [[Restrictive covenant]] | ||
*[[Reputational risk]] | |||
*[[Rules]] | |||
* [[Service agreement]] | * [[Service agreement]] | ||
* [[Smart contract]] | |||
*[[Standards]] | |||
*[[Supervision]] | |||
* [[Sweetheart deal]] | |||
* [[Tax]] | |||
* [[Tender to contract cover]] | |||
* [[Tort]] | |||
* [[Trade]] | |||
* [[Void contract]] | |||
* [[Voidable contract]] | |||
* [[Warranty]] | * [[Warranty]] | ||
* [[Zero hours contract]] | |||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Latest revision as of 16:21, 26 June 2024
1. Law - noun.
A contract is a legally binding agreement between two parties.
Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements).
The fundamentals of contract law are similar throughout the countries of Europe, the US and many other jurisdictions.
However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for consideration.
2. Law - verb.
To form or create a contract.
3. Size or number - verb.
To become smaller, or fewer.
See also
- Arbitration clause
- Assignment
- Best practice
- Boilerplate
- Breach of contract
- Capacity
- Carve-out
- Code
- Competence
- Compliance
- Condition
- Consensus in idem
- Consideration
- Contra proferentem
- Contract for differences
- Contract hire
- Contract purchase
- Contracting
- Contractor
- Counter-offer
- Covenant
- Currency contract
- Currency forward contract
- Deal
- Directive
- Discharge of contract
- Dispute
- Documentation
- Eiusdem generis
- Enforcement
- Engagement letter
- Exemption clause
- Express term
- Ethics
- Financial covenant
- Fit for purpose
- Force majeure
- Foreign exchange forward contract
- Forward contract
- Forward forward contract
- Framework
- Freight
- Frustration
- Futures contract
- Good practice
- Governance
- Guidance
- IFRS 4
- Implied term
- Indemnity clause
- Insurance
- Invitation to treat
- Jurisdiction
- Law
- Lease
- Legislation
- Liquidated damages
- Loan agreement
- Long term contracts
- Memorandum of understanding
- Minor
- Misrepresentation
- My word is my bond
- Negligence
- Open contract netting
- Open interest
- Performance
- Performance risk
- Principle
- Private treaty
- Privity of contract
- Red tape
- Regime
- Regulation
- Replacement contract netting
- Reporting
- Repudiation
- Restrictive covenant
- Reputational risk
- Rules
- Service agreement
- Smart contract
- Standards
- Supervision
- Sweetheart deal
- Tax
- Tender to contract cover
- Tort
- Trade
- Void contract
- Voidable contract
- Warranty
- Zero hours contract
