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Georgia Contract Law Explained Parties Must Be Able to Contract. For a valid contract to exists, "there must be parties able to contract". ... Parties Must Assent to Contract Terms. ... Consideration. ... Subject Matter.
Below you will find a broad overview of the law of contracts in Georgia. A contract is an agreement between two or more parties for the doing or not doing of some specified thing. An ?executed contract? is one in which all the parties have performed all the obligations which they agreed to perform.
In Georgia, employees are presumed to be "at-will," and their employment may be terminated for any reason, at any time, with or without cause, as long as the reason is not specifically prohibited by law. This presumption is codified at O.C.G.A. § 34-7-1.
This occurs when the provisions are too broad or include unlawful requests. For example, if you ask a staff member to launder money as part of their job responsibilities, the contract will be rendered null and void. A voidable contract, however, is legally sound in that all the provisions are fair and valid.
To constitute a valid contract, there must be parties able to contract, a consideration moving to the contract, the assent of the parties to the terms of the contract, and a subject matter upon which the contract can operate.
This includes: Pay intervals (for example, weekly or monthly) Paid leave, including your annual leave and public holiday entitlements. Sick pay. Pension and pension schemes. Period of notice to be given by employer or employee. Details of any collective agreements that may affect your terms of employment.
An employment contract is an enforceable agreement between two parties that contains whatever terms and conditions of employment the parties agree upon and, when accepted, becomes controlling upon the employment relationship. The contract may be oral or written, express or implied (the latter terms are defined below).
Georgia is an ?employment-at-will? state. This means that in the absence of an enforceable employment contract or violation of federal law or any anti-discrimination laws, employees in Georgia can be terminated at will.