Examlex
Which of the following sectors includes fishing and forestry occupations?
Form a Contract
The process of creating a legally binding agreement between two or more parties.
Consideration
The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.
Bargained-For Exchange
A fundamental principle in contract law where both parties must exchange something of value for a contract to be considered valid and enforceable.
Genuine Assent
The agreement to enter into a contract based on a clear understanding of its terms, without any duress, fraud, or undue influence.
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