Valid Contract. This Contract is valid, enforceable, and legally binding obligation of the Consultant;
Valid Contract. In order for this Contract for Professional Engineering Services to be valid, it must be executed by the CITY Manager or his or her authorized designee, and must be pre-audited in that manner required by the Local Government Budget and Fiscal Control Act, as the same may be amended.
Valid Contract. Such Finance Lease is a legal, valid and binding full recourse payment obligation of the related Lessee enforceable in accordance with its terms (except as may be limited by applicable insolvency, bankruptcy, moratorium, reorganization, or other similar laws affecting enforceability of creditors’ rights generally and the availability of equitable remedies) and is in full force and effect and such Finance Lease has not been satisfied, subordinated or rescinded;
Valid Contract. This Contract constitutes the legal, valid and binding obligation of Contractor, enforceable against Contractor in accordance with its terms, subject only to applicable bankruptcy, insolvency and similar Laws affecting the enforceability of the rights of creditors generally and general principles of equity.
Valid Contract. Each Lease Agreement is a legal, valid and binding full recourse payment obligation of the related Lessee, is enforceable in accordance with its terms (except as may be limited by applicable insolvency, bankruptcy, moratorium, reorganization, or other similar laws affecting enforceability of creditors' rights generally and the availability of equitable remedies) and is in full force and effect and such Lease Agreement has not been satisfied, subordinated or rescinded;
Valid Contract. If all the condition are fulfilled it is called as a valid contract. Invalid contract - In a contact if any one condition is not fulfilled. Is void (Void-ab-initio) - An agreement which is not valid from the beginning. Becomes void - An agreement which is valid in the beginning but due to some supervening impossibility the contract becomes void. Voidable contract - A contract which is valid unless until avoided by either the party. Illegal contract - An agreement forbidden by law. It involves the commission of crime or violate public policy, or immoral in nature. Unenforceable contract - It is valid but due to some technical defect the contract becomes void. In case defects are removed the contract is enforceable.(lack of registration, lack of signature etc.,) Express contract - When contracts are either in writing or in oral. Implied contract - When contracts are neither in writing nor in oral but inferred from the acts or circumstances of a particular case.
Valid Contract. This Contract constitutes the legal, valid and binding obligation of TSI Contractor, enforceable against TSI Contractor in accordance with its terms, subject only to applicable bankruptcy, insolvency and similar Laws affecting the enforceability of the rights of creditors generally and general principles of equity.
Valid Contract. Each Contract is and shall remain valid and enforceable according to its terms.
Valid Contract. A valid contract on any transaction will only exist following suitable credit references having been obtained by Primayer Limited.
Valid Contract. To have a valid and enforceable contract there needs to be (1) an offer, (2) acceptance, and (3) consideration. Here, the facts indicate that Xxx and Xxxx reached an agreement related to the terms. Thus, the first two elements are present. Additionally, the contract calls for Xxxx to construct a residence to Xxx’s specifications and for Ben to pay Xxxx $200,000 in return. Thus, there is a bargained-for exchange of legal detriment by the parties because they are both doing something that they have no legal obligation to do, in exchange for a benefit.
