Per Diem Rates Look-Up. Rates are set by fiscal year, effective October 1 each year. Find current rates in the continental United States (CONUS Rates) by searching below with city and state (or ZIP code), or by clicking on the map.
The legal parts of a contract are known as âtermsâ. An employer should make clear which parts of a contract are legally binding. Contract terms could be: 1  in a written contract, or similar document like a written statement of employment. 2  verbally agreed. 3  in an employee handbook or on a company notice board.
Definition. An agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, element of consideration can be satisfied by a valid substitute.