Agreements and Contract Formation


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Agreements and Contract Formation
Agreements and Contract FormationA contract that is entered into between two or more parties is a legal entity that, to be valid and enforceable in front of the society, needs to be respectful of a set of determined prerequisites and embed those in its formation. A contract is a promise, or a set of promises, made between two or more parties to perform specific courses of actions that are duly enforceable in front of the law, and the breach of which can be remedied by the law. The parties are usually referred to as the offeror and the offeree, the latter being the entity to whom an offer to enter into a contract is made by the offeror. For a contract to be valid, binding and enforc…
Citation
Gabriele Zini: Green Electrical Energy Storage: Science and Finance for Total Fossil Fuel Substitution. Agreements and Contract Formation, Chapter (McGraw-Hill Professional, 2016), AccessEngineering Export