Although it was not in writing, the partners had an oral contract that allowed them both to make business decisions. 🔊 Middle English, Anglo-French, Latin contractus, contrahere to draw, to make a contract, to reduce in size, to sign com- + trahere The contract of the singer stipulates that she receives 70% of the total profit, while the record company is entitled to the rest. 🔊 Note: Contracts must be entered into by parties with the required capacity (such as age or mental strength) and must be a legal and not criminal object. Except in Louisiana, a valid treaty also requires consideration, reciprocity of obligations, and a meeting of minds. In Louisiana, in addition to legal capacity and legal purpose, a valid contract requires the consent of the parties and a reason for the contract. — also called contract, actually implies contract After signing the lease, the tenants quickly regretted the agreement. 🔊 Note: Sealed contracts were used long before the requirement to consider was developed. They were usually originally impressed by an actual seal, but today the word seal, the abbreviation L.S., or words like «signed and sealed» or «witness to my seal» can take the place of the seal. However, without a clear indication of the intention of the parties, the presence of a seal, . B such as a company seal, such as a company seal, is not sufficient to create a contract under seal. Sealed contracts have a much longer limitation period than contracts with pecuniary interest. The soldier signed a contract stating that he would serve in the U.S. Army for the next four years.
🔊 Latin contractus de contrahere to draw, enter (a relationship or agreement), com- with, together + trahere to draw Britannica.com: Encyclopedia article on the contract The former client threw the contract in the trash and decided that he would not sign another long agreement. 🔊 Shrinking, shrinking, condensing, compressing, shrinking, emptying means a decrease in volume or volume. The contract applies to the contraction of surfaces or particles or to a reduction in surface area or length. When their muscles are contracted, it shrinks, which implies a contraction or loss of matter, highlighting the exceeding of the original dimensions. The sweater shrinks when washed condenses, implying a reduction from something homogeneous to greater compactness without significant loss of content. Compressing the attachment to a paragraph compress involves pressing a small compass and some shape, usually against resistance. Cotton pressed into bales tightens a tightening that reduces the diameter. The neck is narrowed by a narrow collar that involves contraction by reducing the internal pressure of the air or gas contained. Evacuate the balloon.. .