Agreements are written contracts established with specific vendors for the purchase of specified products or services within a designated period of time. These include price schedules, departmental blanket open orders, and fixed-price agreements. More detailed information regarding agreements can be found on the Contracting Services website.
There are several reasons the legality of a contract may be in question. The first is if the contract violates a statute. Contracts that are contrary to statute are considered void.Usury contracts contrary to statute are formed when a contract exists that charges interest rates above the rate that State or local laws permit.Nearly every State has distinct usury laws. In some states a usurious loan is automatically void.here are several reasons the legality of a contract may be in question. The first is if the contract violates a statute. Contracts that are contrary to statute are considered void.
What Is Wrongful or Tortious Interference with Contracts? Wrongful or tortious interference with contracts refers to a situation in which a third-party intentionally causes a contracting party to commit a breach of contract. This may be accomplished through inducement or by disrupting a partyâs ability to perform their contractual obligations. The purpose of tortious interference laws is to allow parties the freedom to contract with one another and fulfill their contractual obligations without third-party meddling.