contractual relationship definition

contractual relationship

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).

contractual relationship is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.

contractual relationship appears in the definitions of the following terms: account, contract, statutory obligation, surrender by operation of law, liberalism and agent

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