idiolect. n. 1. (Linguistics) the variety or form of a language used by an individual. (ËÉªd i ÉËlÉkt). n.
A contract is valid only if it has all of five characteristics. A contract is a legally enforceable agreement between two or more parties. A contract is valid only if it has all of five characteristics. A contract is a legally enforceable agreement between two or more parties. It may be oral or written. A contract is essentially a set of promises. Typically, each party promises to do something for the other in exchange for a benefit. Required Characteristics. To constitute a legal contract, an agreement must have all of the following 5 characteristics: Legal purpose A contract must have a legal purpose to be enforceable. For example, Steve hires Paul to kill Susan. Steve drafts an agreement outlining Paul's responsibilities, namely to acquire a gun and shoot Susan in the head. The agreement also specifies the amount Steve will pay Paul once Susan is dead.
Existence of contractual-relationship does not necessarily mean the contract is enforceable, or that it is not void (see void contract) or voidable (see voidable Contract). Contracts are normally enforceable whether or not in a written form, although a written contract protects all parties to it. Some contracts, (such as for sale of real property, installment plans, or insurance policies) must be in writing to be legally binding and enforceable. Other contracts (see implied in fact contract and implied in law contract) are assumed in, and enforced by, law whether or not the involved parties desired to enter into a contract.