16
Sep
2021
0

Define And Explain The Concept Of Agreement

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Not all agreements are necessarily contractual, as it is generally to be considered that the parties intend to be legally bound. A “gentlemen`s agreement” is an agreement that is not legally applicable and must be “only honorably binding”. [6] [7] [8] Some arbitration clauses are not applicable and, in other cases, arbitration proceedings may not be sufficient to resolve a dispute. . . .

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