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Showing posts with the label #acceptance

Secret principles you don't know about Contract - Part 3

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It’s the Mini-Law-Series and we will continue with our discourse on the feature tagged: “Secret principles you don't know about contract” 📚 🎲 📚 As usual, this discourse is limited to basic knowledge of law and in view of the nature of this platform, legal terminologies will be used sparingly. 👏 Please recall, that we have discussed the meaning of contract, its element and basic must know principles, please click on the link below if you missed it. https://m.facebook.com/story.php?story_fbid=547989395974372&id=100022899504084 Friends, what happens when a call is made vide Newspaper publications, jingles on media etc.,for interested persons (contractors) to submit their bids (proposals) etc., in furtherance of a specific project? 🤔 💁 🤔 Here is another one, what happens where a person in honour of the invite submits the bid or proposal as the case may be? 💁 🤔 💁 I bet you don’t know the answers to the posers raised above? 😀  Generally, such a call to...

Secret Principles you don't know about Contract - Part 2

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The working definition of the term Contract was provided, so also the basic elements of Contracts were identified. We equally supplied some examples of Contract. This week, we will go further and consider the first element of a valid contract as well as some “must know” principles. 📣 📣 📣 A Contract could either be written or oral. The facts that terms were not reduced into a written document before the commencement of a project, assignment, relationship etc., does not make it less of a Contract.  👌 However, it is desirable to have a written Contract, where all terms, conditions, parties’ expectations etc., are contained in a document. 📚 Please note, that where there is a written contract, parties will be bound by the terms and none of the parties will be allowed to introduce a term, clause, condition etc., not contemplated or agreed to jointly by the contracting parties. Generally, it is advocated that a written contract is more desirable as contracting parties’ r...