A contract must contain a benefit or detriment to the offering party and a benefit or detriment to the accepting party that the parties otherwise would not be entitled to demand or expect. A unilateral promise to do or not do something will not be binding unless both parties get or give up something.
A contract is an agreement between parties , creating mutual obligations that are enforceable by law . The basic elements required for the agreement to be a legally enforceable contract are: mutual assent , expressed by a valid offer and acceptance ; adequate consideration ; capacity ; and legality .
What are the features of a legally valid real estate contract in Arizona? Understanding the five essential features of a legally valid real estate contract in Arizona is fundamental. These features include mutual consent, capacity, consideration, a written format, and a proper description of the property.
A contract will only be legally binding upon the contracting parties if the following requirements are complied with: consensus, contractual capacity, certainty, possibility, legality and formalities. 39 The above requirements will be discussed next. 39Para 1 1 above.
The short answer is that an at-will employee is not required to provide two weeks' notice before quitting. Even when there's an offer letter or employee manual that requests an employee to give two weeks' notice before leaving, this doesn't change the at-will status of the employee.
No. A business license may be required by a city to do business in that city. This requirement varies depending on the city in which you are conducting business. The state does not require or issue business licenses.
Yes, you can be fired without warning since Arizona is an “at-will employment” state per A.R.S. § 23-1501. However, this does not give your employer the authority to terminate your employment for any reason at all.
Contract Basics An offer - First, it must be shown that a specified offer was made by one or more parties. For example, when the seller of a vehicle says that he will sell his car to you for $10,000, an offer has been made. Acceptance - Next, to show an enforceable contract, acceptance must be demonstrated.
Noncompete agreements in Arizona are perfectly legal and will be enforced when they meet certain conditions. Arizona courts will uphold reasonable noncompete agreements that don't restrict employees for too long or from too far away.