First let me define the meaning of a contract. According to Wikipedia, "A contract is an exchange of promises between two or more parties to do, or refrain from doing, an act which is enforceable in a court of law. It is a binding legal agreement. [1] It is where an unqualified offer meets a qualified acceptance and the parties reach Consensus ad Idem. The parties must have the necessary capacity to contract and the contract must not be either trifling, indeterminate, impossible or illegal. Contract law is based on the principle expressed in the Latin phrase pacta sunt servanda (pacts must be kept).
[2] Breach of contract is recognized by the law and remedies can be provided. Sometimes written contracts are required, such as when buying a house.[3] However, most contracts can be and are made orally, such as purchasing a book or a sandwich. Contract law can be classified, as is habitual in civil law systems, as part of a general law of obligations (along with tort, unjust enrichment or restitution).
You have to keep in mind that when you sign a contract be sure you understand the terms and conditions. You can't blame the company or someone if u already signed the contract,telling everyone your not fully aware of the terms and conditions.
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True my former employee sued me for Breach of contract.
ReplyDeletethey sued me because I did not follow my contract.
ReplyDeleteIf the company doesn't treat their employees well, why apply there in the 1st place and sign their contract?
ReplyDeleteMake sense right?hahaha
ReplyDeleteYes that's true..
ReplyDelete