Validity
Validity - This refers to the legal effectiveness of the contract. A contract is only valid if it meets certain legal requirements, such as having a lawful purpose, having the consent of all parties involved, and being executed by competent parties. If a contract is found to be invalid, it is not legally binding.
Templates & Resources
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Let’s Make it Easy to Manage Your Contracts
- Scale your legal - Get organized and use guidelines / checklists / playbooks to improve efficiency of contract reviews