Generally, a contract is understood to be an agreement
that creates an
obligation upon one party. Its' basic components include (1) parties who are capable of
contracting, (2) a particular subject matter, (3) legal consideration or monetary value,
(4) a common ground of agreement, and (5) an obligation that is mutual between the
parties.
A contract is an expression by two or more persons of common intention to effect their legal relations.
Please see specific state for details and/or
differences.
ALABAMA
| ALASKA | ARIZONA | ARKANSAS
| CALIFORNIA | COLORADO
| CONNECTICUT | DELAWARE
| FLORIDA
GEORGIA | HAWAII | IDAHO
| ILLINOIS | INDIANA | IOWA
| KANSAS | KENTUCKY | LOUISIANA
| MAINE | MARYLAND
MASSACHUSETTS | MICHIGAN
| MINNESOTA | MISSISSIPPI
| MISSOURI | MONTANA | NEBRASKA
| NEVADA
NEW HAMPSHIRE | NEW
JERSEY | NEW MEXICO | NEW
YORK | NORTH CAROLINA | NORTH
DAKOTA | OHIO
OKLAHOMA | OREGON | PENNSYLVANIA
| RHODE ISLAND | SOUTH
CAROLINA | SOUTH DAKOTA | TENNESSEE
TEXAS | UTAH | VERMONT
| VIRGINIA | WASHINGTON
| WEST VIRGINIA | WISCONSIN
| WYOMING
ALABAMA
In Alabama, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
ALASKA
In Alaska, a contract is a promise between parties as a declaration by one party
of his or her intention to do something or to forbear from doing something at the request or
the use of another. That proposal, once accepted, becomes a promise.
ARIZONA
In Arizona, a contract is an expression by two or more persons of common
intention to effect their legal relations.
ARKANSAS
In Arkansas, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
CALIFORNIA
In California, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties. It occurs when there
has been a sufficient amount of consideration to do or not do a particular act
that is a
part of the contract.
COLORADO
In Colorado, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties. It occurs when there
exists a sufficient amount of consideration to do or not to do a particular act
that is a
part of the contract.
CONNECTICUT
In Connecticut, a contract is an agreement between parties whereby one of
them acquires the right to an act by the other, and the other assumes an obligation to
perform that act.
DELAWARE
In Delaware a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties and it occurs when a
sufficient amount of consideration to do or not to do a particular act
that is a part of
the contract.
FLORIDA
In Florida, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties and it occurs when there
exists a sufficient amount of consideration to do or not to do a particular act
that is a
part of the contract.
GEORGIA
In Georgia, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
HAWAII
In Hawaii, a contract is understood to be an agreement that creates an obligation
that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
IDAHO
In Idaho, a contract is also known to be a declaration, verbal or written, made by
one person to another for a good or valuable consideration by which the promisor binds
himself or herself to do or to forbear some act, and gives to the promisee a legal right to demand
and enforce fulfillment.
ILLINOIS
In Illinois, a contract is an expression by two or more persons of common
intention to effect their legal relations.
INDIANA
In Indiana, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
IOWA
In Iowa, a contract is understood to be an agreement that creates an obligation
that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
KANSAS
In Kansas, a contract is understood to be an agreement that creates an obligation
that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
KENTUCKY
In Kentucky, a contract is a promise for a breach of which the law gives a
remedy or recognizes as an existing legal duty.
LOUISIANA
In Louisiana civil law, the definition of a contract does not differ materially from
the common law definition. A “contract” has been defined as an agreement made by
the consent of the contracting parties to do or refrain from doing an act specified, in
reference to a definite object that may be the subject thereof, for such consideration as
may be established.
MAINE
In Maine, normally it is understood that there is no difference between a contract
and agreement. An agreement in some respects is a wider term. Many agreements do
not produce a legal effect on the relations between the parties; however, to amount to a
contract, the agreement must be of a nature to produce a binding result on the mutual
relationships of the parties.
MARYLAND
In Maryland, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
MASSACHUSETTS
In Massachusetts, a contract is also known to be a declaration, verbal or written,
made by one person to another for a good or valuable consideration by which the
promisor binds himself or herself to do or to forbear some act, and gives to the promisee a legal
right to demand and enforce fulfillment.
MICHIGAN
In Michigan, a contract is also known to be a declaration, verbal or written, made
by one person to another for a good or valuable consideration by which the promisor
binds himself or herself to do or to forbear some act, and gives to the promisee a legal right to
demand and enforce fulfillment.
MINNESOTA
In Minnesota, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
MISSISSIPPI
In Mississippi, a contract is where one party binds himself or herself or becomes bound in
an expressed or implied way to pay a sum of money or to do some other act or omit to
do some act. It is understood that the word “contract” is broad enough to include
contracts both in writing and by unwritten acts.
MISSOURI
In Missouri, a contract occurs where there is a meeting of the minds of the
contracting parties who knowingly and understandingly entered into the contract.
MONTANA
In Montana, a contract is also known to be a declaration, verbal or written, made
by one person to another for a good or valuable consideration by which the promisor
binds himself or herself to do or to forbear some act, and gives to the promisee a legal right to
demand and enforce fulfillment.
NEBRASKA
In Nebraska, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
NEVADA
In Nevada, a contract is also known to be a declaration, verbal or written, made
by one person to another for a good or valuable consideration by which the promisor
binds himself or herself to do or to forbear some act and gives to the promisee a legal right to
demand and enforce fulfillment.
NEW HAMPSHIRE
In New Hampshire, a contract is also known to be a declaration, verbal or
written, made by one person to another for a good or valuable consideration by which
the promisor binds himself or herself to do or to forbear some act and gives to the promisee a
legal right to demand and enforce fulfillment.
NEW JERSEY
In New Jersey, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
NEW MEXICO
In New Mexico, a contract is also known to be a declaration, verbal or written,
made by one person to another for a good or valuable consideration by which the
promisor binds himself or herself to do or to forbear some act and gives to the promisee a legal
right to demand and enforce fulfillment.
NEW YORK
No extra details.
NORTH CAROLINA
In North Carolina, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
NORTH DAKOTA
In North Dakota, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
OHIO
In Ohio, a contract is a promise or set of promises for the breach of which the
law gives the remedy or the performance of which the law in some way recognizes as a
duty. This is generally construed to be the basis of a contract.
OKLAHOMA
In Oklahoma, a contract is a promise between parties as a declaration by one
party of his or her intention to do something or to forbear from doing something at the request
or the use of another. That proposal, once accepted, becomes a promise.
OREGON
In Oregon, a contract is an agreement between two or more parties who are
competent for that purpose, upon a sufficient consideration, to do or not to do a
particular thing, which lawfully may be done or omitted.
PENNSYLVANIA
In Pennsylvania, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
RHODE ISLAND
In Rhode Island, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
SOUTH CAROLINA
In South Carolina, a contract and compact are convertible and synonymous
terms. A transaction is broader as a term than contract, since a contract may be
construed to be a transaction. A transaction is not necessarily a contract.
SOUTH DAKOTA
In South Dakota, a contract is also known to be a declaration, verbal or written,
made by one person to another for a good or valuable consideration by which the
promisor binds himself or herself to do or to forbear some act and gives to the promisee a legal
right to demand and enforce fulfillment.
TENNESSEE
In Tennessee, a contract is a promise between parties as a declaration by one
party of his or her intention to do something or to forbear from doing something at the request
or the use of another. That proposal, once accepted, becomes a promise.
TEXAS
In Texas, a contract is a delivered engagement between competent parties to
do or abstain from doing some act for a sufficient consideration. The word
"competent," as used in the definition, means that both of the parties to the agreement
were sane at the time it was made.
UTAH
In Utah, a contract is also known to be a declaration, verbal or written, made by
one person to another for a good or valuable consideration by which the promisor binds
himself or herself to do or to forbear some act and gives to the promisee a legal right to demand
and enforce fulfillment.
VERMONT
In Vermont, writing is not the crucial factor of a contract, but is written evidence
of the contract. In other words, there may be a contract, although there is no writing
evidencing it.
VIRGINIA
In Virginia, a contract is also known to be a declaration, verbal or written, made
by one person to another for a good or valuable consideration by which the promisor
binds himself or herself to do or to forbear some act and gives to the promisee a legal right to
demand and enforce fulfillment.
WASHINGTON
In Washington, a contract also is to be distinguished from an arrangement.
There is a recognized distinction between a contract itself and the obligation that the
contract is the agreement of the parties; whereas, an obligation is the remedy
that the
law affords to its enforcement.
WEST VIRGINIA
In West Virginia, a contract is also known to be a declaration, verbal or written,
made by one person to another for a good or valuable consideration by which the
promisor binds himself or herself to do or to forbear some act and gives to the promisee a legal
right to demand and enforce fulfillment.
WISCONSIN
In Wisconsin, a contract is understood to be an agreement that creates an
obligation that the law recognizes to include an agreement between the parties based
upon a mutual understanding. It is generally an agreement between two parties;
however, it may be an agreement between more than two parties, and it occurs when
there exists a sufficient amount of consideration to do or not to do a particular act
that
is a part of the contract.
WYOMING
In Wyoming, a contract is also known to be a declaration, verbal or written,
made by one person to another for a good or valuable consideration by which the
promisor binds himself or herself to do or to forbear some act and gives to the promisee a legal
right to demand and enforce fulfillment.
|
