A formal agreement enforceable by law is what?
Indian Contract Act, 1872 An agreement enforceable by Law is a contract. Therefore, there must be an agreement and it should be enforceable by law. 8. Reciprocal Promises 2(f):- Promises which form the consideration or part of the consideration for each other are called 'reciprocal promises'. 9. Void agreement 2(g):- An agreement not enforceable by law is void. 10. Voidable contract 2(i):- An agreement is a voidable contract if it is enforceable by Law at the option of one or more of the parties there to (i.e. the aggrieved party), and it is not enforceable by Law at the option of the other or
Minute of Agreement Minute of Agreement A Minute of Agreement is a legal procedure available in Scotland. It is a document drawn up between two or more parties in the presence of their solicitors, without the need for formal court action. In its usual format it will contain numbered paragraphs that record formal but legally binding provisions by which each party has agreed to be bound. If it contains any provision which is enforceable in Scotland it can be registered in other parts of the United Kingdom for recognition and enforcement. A Minute of Agreement can also be registered for recognition and enforcement