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The Act mandates that when a contractor has performed work in ance with the provisions of a contract for an owner, the owner must pay the contractor within thirty (30) days after the owner has received a payment request made pursuant to the contract.
?Terms and Conditions? is the document governing the contractual relationship between the provider of a service and its user. On the web, this document is often also called ?Terms of Service? (ToS), ?Terms of Use?, EULA (?End-User License Agreement?), ?General Conditions? or ?Legal Notes?.
A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
For written contracts, the statute of limitations is five years. (Refer to §25-205.) For oral contracts, the statute of limitations is four years.
Conditions ? A condition is an essential term and the most important obligation in a contract. A condition is a stipulation going to the 'root of the contract' so that any breach of that term may be regarded by the innocent party as a fundamental breach.
They outline how you and your users are permitted to act, address your dispute resolutions and governing laws, reiterate your intellectual property rights, and limit your liabilities. But writing a terms and conditions agreement for your business can get complicated.
Standard (written) terms and conditions (T&Cs) are the legal basis on which you will be engaging with customers - and are essential when starting a business. It is recommended that you don't copy T&Cs from another business; no two businesses are exactly the same, plus they may not have obtained legal advice.