A written agreement between parties (also known as a contract) is an official document that outlines the terms and conditions agreed upon by two or more parties.
Contracts are formed by one party initiating or proposing the offer. The second party must then accept or reject the offer. Generally, the offer is considered as rejected if the second party deviates from or disagrees with any aspect of the contract. Additionally, consideration must exist between the two parties.
The Power of a Legally Binding Document It's important to note that an agreement does not necessarily need to be put in writing to be considered legally binding. Any written or verbal agreement between two or more parties can be legally enforced in court.
A contract is an “agreement between private parties creating mutual obligations enforceable by law.” There are specific elements required to create an enforceable contract: Mutual assent, or a “meeting of the minds.”
Definition: A whereas clause is a statement in a legal document that provides background information or context for the main purpose of the document. It is often used in preambles or recitals to explain the reasons or motivations behind the document's creation.
A motion to dismiss for failure to state a cause of action will be granted only if the movant establishes that the pleader has failed to properly plead all of the necessary elements of the particular claim. This hinges on the substantive law for the different elements of different causes of action.
As used in a "WHEREAS" clause, the term "whereas" simply means "considering that" or "that being the case." There is no legal effect to the word "whereas." It, like many other words used in standard contract boilerplate, is left over from some long-forgotten era of legal writing when lawyers used big words and legalese ...
The preamble of a contract is the introductory paragraph that identifies the parties to the agreement. It is typically followed by paragraphs known as recitals (also called the background section). Sometimes, these recital paragraphs are labeled “Whereas”.
Almost invariably, the body text of an agreement is subdivided into articles, sections, subsections and other enumerated clauses. In large agreements, the articles are sometimes grouped in chapters.