contractual relationship
Definition
Legal relationship between contracting-parties evidenced by (1) an offer, (2) acceptance of the offer, and a (3) valid (legal and valuable) consideration. Existence of a contractual relationship, however, does not necessarily mean the contract is enforceable, that it is not void (see void contract), or not voidable (see voidable contract).
Mentioned in these definitions
Popular 'Agreements & Contracts' Terms
contractual relationship in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/contractual-relationship.html
