Enforce Agreement

Legal Definition of enforceable : capable of being enforced especially as legal or valid creditors with enforceable contract rights L. H. Tribe.

Definition. An agreement between private parties creating mutual obligations 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.

Contracts based on validity can come in five different forms, including valid contracts, void contracts, voidable contracts, illegal contracts, and unenforceable contracts. A valid contract is one that is legally enforceable, while a void contract is unenforceable and imposes no obligations on the parties involved.

The ability to make and enforce contracts and resolve disputes is fundamental if markets are to function properly. Good enforcement procedures enhance predictability in commercial relationships and reduce uncertainty by assuring investors that their contractual rights will be upheld promptly by local courts.

A contract is enforceable if a court is willing to obligate both parties to carry out the terms of the agreement. Courts deem contracts enforceable if the terms are willingly agreed to by the parties and something of value is exchanged between the parties.

To enforce means to mandatory compliance with a contract.Parties mutually assenting agreement and signatory of a contract, are obliged to adhere to the rules contract law, by performing as promised.

What makes a contract enforceable? An enforceable contract is a legally-binding agreement between two parties. Both parties are expected to fulfill the terms of the contract. Additionally, while contracts can be verbal or written, verbal contracts are more difficult to enforce.

An enforceable contract is one that can be enforced in court of law.Example: An oral contract may be valid, but the court will not enforce it because that specific type of contract is required to be in writing under the states law. Contracts that are required to be in writing are discussed further below.