contract

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A contract is a legally binding document that recognizes and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of the law. A contract typically involves the exchange of goods, service, money, or promise of any of those. "Breach of contract", means that the law will have to award the injured party either the access to legal remedies such as damages or cancellation.In the Anglo-American common law, formation of a contract generally requires an offer, acceptance, consideration, and mutual intent to be bound. Each party must be those who are binding by the contract. Although most oral contracts are binding, some types of contracts may require formalities such as being in writing or by deed.In the civil law tradition, contract law is a branch of the law of obligations.Each country recognised by private international law has its own national system of law to govern contracts. Although systems of contract law might have similarities, they may contain significant differences. Accordingly, many contracts contain a choice of law clause and a jurisdiction clause. These provisions set the laws of the country which will govern the contract, and the country or other forum in which disputes will be resolved, respectively. Failing express agreement on such matters in the contract itself, countries have rules to determine the law governing the contract and the jurisdiction for disputes. For example, European Member States apply Article 4 of the Rome I Regulation to decide the law governing the contract, and the Brussels I Regulation to decide jurisdiction.

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  1. I

    Contract Breach

    I started working for a new company as a draftsperson. That is my job title. In the contract it stated initial factory work. I have been working in the factory for over 5 weeks. I spoke to my boss and asked when I will be heading into the office and he said we don’t have a date at the moment...
  2. A

    VIC Contract flipping

    Hi there good people of real estate know how, I am looking to learn about property contract flipping. Problem is, the information I have so far obtained is from international sources which are not compatible to Australian laws and regulations. What are the laws and regulations for Victoria...
  3. uday463

    Student Visa to TSS482 Visa - Signed contract to pay VISA expenses

    Dear sir, I am an international student with 12+ years of experience in cybersecurity. I got a job to work in an IT company and signed a contract saying that if I leave the job then I have to pay all the visa expenses raised for the TSS482 visa. I am leaving this job because my visa still not...
  4. Monksley

    VIC Understanding Business advocacy contract

    Hi, I've involved the accountant who's also providing business advocacy services and we have signed the contract that he would help us to negotiate the best purchase price of the existing business that we found. For the negotiation service, an invoice of $5,000 is payable upfront, with the...
  5. S

    QLD Do I need to accept contract extension to be eligle for redundancy

    My full time permanent position was recently being made redundant. I accepted a transfer of employment to a temporary position with an indicated end date. The letter mentions that I am eligible to a redundancy payment should no further extensions or the date be available or redeployment. I am...
  6. A

    NSW Price change clause contract

    Hi, I'm doing an assignment about contracts, mostly introductory stuff about formation of a contract. I was a bit confused about something. In the scenario we got, I noticed the clause allowing for adjustment of contract price said 'to account for unexpected financial contingencies', in which...
  7. I

    NSW Right form for private car sale contract early payout?

    My parents brought a car from an ex friend, and they had some troubles in the past with the seller demanding larger repayments. Fast forward to now, they have some money together and they made the seller an offer of a lump sum less than thr full amount owed and they have accepted. What type of...
  8. lippup

    Special Conditions of Contract

    Hi All, I am new here and wanted some advice on withdrawing from a house purchase based on special conditions being satisfied. The house is located in South Australia. The vendor and agent have proven to untruthful of many occasions, unreliable and avoidant. We have had enough and want out...
  9. Y

    QLD Sold the house to get out of the contract for a dividing fence and committed fraud.

    Hi, Firstly, I am in QLD. I have an issue in that 1. The neighbor wanted a new dividing fence. 2. After months and months back and forth and applications and notices to QCAT we made an agreement together at a local coffee shop. (me to pay 500 they would pay the rest around 3,000, due to...
  10. C

    NSW Department of housing breached contract

    Hi, When I moved in 21 years ago I was 8 months pregnant. The previous tenants were drug addicts and there was burn marks on every bench and all over the carpet. There also was insulation throughout the house as someone had broken in. There was a car full of rubbish in the back yard and grass up...