<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=271231627262368&amp;ev=PageView&amp;noscript=1">

Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > L

Legally Binding Contract

An Agreement will be construed as legally binding by the courts and the involved Parties if:
An Offer has been made and Accepted

  • All Parties receive some benefit
  • There is agreement on the terms
  • There is an intention by each Party to be bound to their promises.