
Lease Agreement between Registrant and Durham TW SEC Gov Form


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People also ask
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What is a legal agreement between two or more people?
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
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Is a lease a legal agreement or contract?
A lease is a contract between two parties where one party, the lessor, allows the other party, the lessee, use of their property for a period of time in exchange for consideration, usually a monthly sum of money. The original owner ultimately retains possession of the property. See landlord-tenant law.
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Is a legally binding agreement between two or more parties?
A contract is a legally enforceable agreement between two or more parties that creates an obligation to do (or not do) a particular thing. The parties must intend to create a legally enforceable agreement, but they need not intend to create – or even understand – that they are entering into a “contract.”
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Is a legally enforceable agreement between two or more persons?
A contract is a formal, legally binding agreement made between two parties with a common interest in mind. This creates “mutual obligations that are enforceable by law.”
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Is a lease a legal document a contract between two or more people?
Leases are generally legally-binding contracts between two parties: the lessor and the lessee. They involve a piece of property rented out by the owner (the lessor) to the lessee or the tenant. Leases can be verbal agreements but are normally drawn up in writing.
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