What is a binding contract?
A binding contract has three key elements. The parties must be competent, there must be consideration, and there must be mutual assent, which means that each side must be clear as to the essential det...
Contract Requirements
Secured with SHA-256 Encryption
Does a contract have to be notarized?
A contract typically does not have to be notarized. A notary public (or simply 'notary') provides an acknowledgment that the signature appearing on the document is that of the person whose signature i...
Must the contract be in writing?
Must the contract be in writing?...
Is a scanned or electronic copy of a contract legally binding, or is a signed original required to enforce a contract?
Copies and faxes of contracts, and scanned or electronically stored versions, are all “good” (valid) contracts and enforceable. In fact, contracts are now very commonly executed, or signed, at lea...
Are there different kinds of contract acceptance?
There are three types of contract acceptance including express acceptance, implied acceptance, and conditional acceptance. In the world of merchant agreements, formal contracts are sometimes too tedio...
Get the Help You Need Today
Get free insurance quotes or connect with legal experts in minutes
Secured with SHA-256 Encryption
