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valid contract

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  • valid contract — A contract in which all of the elements of a contract are present and, therefore, enforceable at law by the parties. A properly constituted contract having legal force Compare unenforceable contract …   Black's law dictionary

  • CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …   Encyclopedia of Judaism

  • Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations …   Catholic encyclopedia

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • valid — val·id / va ləd/ adj 1: having legal efficacy or force a valid license; esp: executed with proper authority and form a valid contract a valid search 2: having a legitimate basis: justifiable …   Law dictionary

  • Contract (conflict) — In the Conflict of Laws, the validity of a contract with one or more foreign law elements will be decided by reference to the so called proper law of the contract.HistoryUntil the middle of the 19th century, the courts applied the lex loci… …   Wikipedia

  • contract — A legally binding agreement. Agreement arises as a result of an offer and acceptance, but a number of other requirements must be satisfied for an agreement to be legally binding: • there must be a consideration (unless the contract is by deed); • …   Accounting dictionary

  • contract — A legally binding agreement. Agreement arises as a result of an offer and acceptance, but a number of other requirements must be satisfied for an agreement to be legally binding: • there must be a consideration (unless the contract is by deed); • …   Big dictionary of business and management

  • valid — adjective Etymology: Middle French or Medieval Latin; Middle French valide, from Medieval Latin validus, from Latin, strong, potent, from valēre Date: 1571 1. having legal efficacy or force; especially executed with the proper legal authority and …   New Collegiate Dictionary

  • valid — Having legal strength or force, executed with proper formalities, incapable of being rightfully overthrown or set aside. Bennett v. State, 46 Ala.App. 535, 245 So.2d 570, 572. Founded on truth of fact; capable of being justified; supported, or… …   Black's law dictionary

  • valid — validly, adv. validness, n. /val id/, adj. 1. sound; just; well founded: a valid reason. 2. producing the desired result; effective: a valid antidote for gloom. 3. having force, weight, or cogency; authoritative. 4. legally sound, effective, or… …   Universalium

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