HND Business Law Essay Example | Topics and Well Written Essays - 3500 words

HND Business Law - Essay Exampleement is entered into, regardless of the manner in which it is executed, all parties agree to die hard by the footing and conditions spelled out in said commensurateness. Only if all parties agree to be released from a particular clause in the contract, or an agreement is reached to null and void the entire contract, it remains in force. If violated, one party will likely have a claim against the other in a court of law. This brief section covers all three of these different types of contracts.When considering verbal agreements and contracts, it is important to remember that they argon legally binding as a written contract in many situations. The key today, however, is proving the terms and conditions in question when a disagreement arises in a modern business situation. Under UK law, it has been for the most part determined that there are two main areas that constitute an actual binding agreement between two or more parties. The first involves wh ether or not an agreement was actually clearly reached as to the services that were to be performed, or goods provided. The second involves remuneration. If a figure was reached and agreed upon, it would be considered binding. Interestingly ample a verbal agreement today sess be reached via either an in-person or on telephone voice exchange, or via email. Verbal contracts are more difficult to prove in a court of law. If one party states that the other party did not meet the conditions or warranties stipulated in the agreement, thus problems can arise. If these are written out in a formal and written agreement, the issue is often quickly resolved. If, however, the agreement was verbal in nature, it can quickly become a he said, she said affair that makes it difficult to prove one way or other in court. As such, it is recommended that the terms and conditions be clearly spelled out in a contract.Written agreements, quite simply, are similar to verbal agreements, except that they h ave a verifiable signature on them from all