At the beginning of this article, a question is asked, the answer to which is here, that is, only legally enforceable agreements are concluded, which means that they must have consideration, lawful purpose, the parties release their consent, they are contractually capable and the agreement is not declared null and void. If one of the above conditions is not met, the contract will no longer become a contract. Therefore, it can be said that not all agreements are contracts. The contract is the type of legally binding agreement. The terms of the relationship between the Parties are clearly defined, rigid and formal. The main advantage of contracts is that they set the specific terms agreed by the parties and, in the event of a breach – if one or more parties fail to comply with their obligations – serve as a guide for a court to determine the correct remedy for the injured party(ies). Even if the parties maintain good relations and trust each other, the use of a contract provides an additional layer of assurance that the obligations under the contract will be fulfilled as the parties themselves had intended. Contracts are generally recommended over less stringent agreements in all official or commercial matters, as they offer additional protection. You may be wondering if you can sign your contracts in digital format. In fact, it`s possible! You can use electronic signature software to create wet signatures on your contracts and quickly make them legally binding.
SignX is one of the best software that allows you to sign your contracts and agreements electronically. The tool is fast and has a perfect interface that users can easily navigate. SignX has a variety of features that make it a great choice for any institution or business. This is an agreement that is usually about the employment or sale of a thing or lease. But a contract is still legally enforceable. Agreements are usually verbal and do not require registration, but some agreements may be made in writing. If a person (Promisor) offers something to someone else (promise) and the person concerned accepts the proposal with an equivalent consideration, this obligation is called an agreement. .