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.
The essential elements of a contract are mutality of obligation (comprised of offer and acceptance), definite terms and consideration. If these elements, or capacity and legal purpose are lacking, then the contract may not be binding.egal purpose. In addition to capactiy, a contract must be for a legal purpose in order to be binding. A contract that requires one or both of the parties to do something illegal or that exists in order to complete an illegal objective is not binding on either party.