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Here is a quick look at boilerplate clauses, what they are and why we have them. Boilerplate clauses set out things like the duration of a contract, jurisdiction, how it should be interpreted if there is a disagreement about its terms, whether the benefit of the contract can be transferred to another party, and whether the contract includes all...
Read MoreA legally binding contract has four key elements: 1. An offer. 2. Acceptance of the offer. 3. Consideration.
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