Definition: An enforceable contract is an agreement for which the law permits a party to seek a remedy if the other party fails to perform.
Example
A properly formed written purchase agreement may allow the injured party to seek the remedies available under its terms and applicable law.
Keep the distinction clear
Enforceable does not mean every requested remedy will be granted. Conditions, defenses, deadlines, and the particular breach still affect the outcome.
Related terms
Unenforceable Contract · Specific Performance · Default
Keep studying
Valid, Void, Voidable, and Unenforceable Contracts
References: Cornell LII: contract
Pronunciation (US): in-FOR-suh-buhl KON-trakt (capitals show stress)
Pronunciation reference: Merriam-Webster
Comments
0 comments
Article is closed for comments.