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1. A legally binding arrangement between parties: agreement, bond, compact, contract, convention, pact.
Legally, one party's failure to fulfill any of its contractual obligations is known as a "breach" of the contract.
Release Form EnforceabilityA minor usually cannot legally release his or her rights. Only the minor's parent or guardian can do so. So, a release signed only by the minor is not enforceable. In addition, the release must be signed before any injury has occurred.
A formal agreement or promise, usually included in a contract or deed, to do or not do a particular act; a compact or stipulation made in writing or by parol.
Legally, one party's failure to fulfill any of its contractual obligations is known as a "breach" of the contract.