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Oral Contract
A verbal agreement between parties that is legally binding, though more difficult to enforce than written contracts due to the lack of physical evidence.
Voidable
A transaction or agreement that is legally valid but may be annulled or voided at the discretion of one of the parties involved.
Executory
Describing a contract or deed yet to be fully executed or performed, often depending on certain conditions being met.
Voluntary Agreement
A mutual consent or contract between parties, typically concerning legal obligations and enforcements.
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