EVENT PLANNING: Contracts - Definitions

Definition 1


A Contract is a written or oral (or partly written and partly oral) promise exchanged of another promise or for a performance that the law will enforce.  
Part 1, Chapter Three, pg 56
Canadian Hospitality Law - Liabilties and Risk 3rd Edition - Donald Longchamps and
Bradley H. Wright copyright 2007 - Nelson Education Ltd.




Definition 2



Contract are agreements that are accepted by the law as being capable and worthy of legal recognition. This means that the law has to acknowledge that the particular promise or promises that are involved, in the context in which they are made or given, should be effectuated in law.  An important factor in this respect is the necessity for the parties to intend to create legal relations.  (p. 8).

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You should always have an attorney review your contracts before signing them!

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