MLchartDataset catalogue

Express contract

Term · Law · MLC-T-LAW-002001

An agreement where the terms and conditions are explicitly stated and agreed upon by the parties, either verbally or in writing. All essential elements, such as offer, acceptance, and consideration, are clearly articulated. This type of contract leaves no doubt about the parties' intentions and obligations.

Table 1. Record
IdentifierMLC-T-LAW-002001
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002001",
  "term": "Express contract",
  "field": "Law",
  "definition": "An agreement where the terms and conditions are explicitly stated and agreed upon by the parties, either verbally or in writing. All essential elements, such as offer, acceptance, and consideration, are clearly articulated. This type of contract leaves no doubt about the parties' intentions and obligations.",
  "url": "https://mlchart.com/terminology/law/express-contract/"
}

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