Examlex
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Contract Comes into Existence
The point at which an agreement between two or more parties is legally enforceable, usually triggered by an offer, acceptance, and adequate consideration.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, rather than providing monetary compensation for failing to do so.
Contract Remedy
The legal means available to a party to enforce, redress, or protect their rights under a contract.
Rescission
The legal act of voiding a contract and returning the parties involved to their original positions, as if the contract had never been executed.
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