A contract is a legally binding arrangement between two or more parties. Agreement is reached when an offer from one party is accepted by the other party or parties.
An oral contract is a good contract at law, although evidencing the terms in writing is generally more satisfactory. Written contracts are required for certain transactions such as property purchase.
Particular contractual concepts apply to employment contracts as distinct from commercial contracts.
For other legal topics return to the law library.
For comprehensive information on settlement proposals, severance paymentsand taxation, visit our Aeon settlement agreements site
To focus on what redundancy means, the importance of conducting a fair procedure and the law on redundancy payments, go to our redundancy pages
| | Terms & Conditions | Privacy | Cookie Policy | Sitemap | |