A proposal made by one party to another to enter into a legally binding agreement., Acceptance, Offer, Counter-offer, Remedy, The unconditional agreement to an offer, which creates a binding contract., Consideration, Acceptance, Assignment, Essential terms, Something of value (e.g., money, goods) given by both parties that makes a contract enforceable in common law., Consideration, Liquidated Damages, Payment of Costs, Damages, A new offer made in response to an original offer, which automatically rejects the first one., Valid contract, Oral contract, Implied contract, Counter-offer, A contract that has no legal effect and cannot be enforced by any court., Void contract, Valid contract, Bilateral contract, Express contract, Failure to perform any term of a contract without a legitimate legal excuse., Default, Transaction, Performance of contract, Breach of contract, Money ordered by a court to be paid to the injured party as compensation for a breach., Payment of Costs, Liquidated Damages, Damages, Consideration, The legal process of transferring your contractual rights to a third party., Assignment, Acceleration, Termination, Negotiations, The person who transfers their contractual rights to someone else., Assignee, Assignor, Obligor, Promisor, A clause protecting parties if they cannot perform their obligations due to unavoidable events like natural disasters or wars., Limitation of liability, Confidentiality, Force Majeure, Entire Agreement, A clause stating that the written document contains all agreed terms, overriding any prior oral agreements., Severability, Entire Agreement, Non-competition clause, Warranty, A clause providing that if one part of the contract is declared unenforceable, the rest remains in force., Severability, Acceleration, Termination, Arbitration clause, A legally binding agreement between an employer and an employee., Directors' service agreement, Contract of employment, Consultancy agreement, Shareholders' agreement, The process of writing the first version of a legal document or contract., To negotiate, To draft, To remedy, To terminate, To officially bring a contract to an end., To discharge, To terminate, To draft, To waive, The fundamental conditions of a contract, such as price and subject matter, that must be agreed upon., Standard clauses, Contractual obligations, Essential terms, Ancillary documents, A general term for a legal means to correct a wrong or enforce a right (e.g., getting damages)., Breach of contract, Transaction, Default, Remedy, The buyer or the person who buys goods/services in a transaction., Vendor, Lessor, Assignee, Purchaser, The seller or the person who sells goods/services in a transaction., Purchaser, Vendor, Landlord, Promisor, To officially cancel or take back an offer before it has been accepted by the other party., To revoke, To discharge, To stipulate, To expire

contract law

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