Sample terms conditions 2025

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The document is a model letter for acknowledging the opening of a charge account with Sense Credit Company, providing the recipient with terms and conditions related to their account and encouraging them to reach out with any questions.
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A contract is an agreement between parties , creating mutual obligations that are enforceable by law . The basic elements required for the agreement to be a legally enforceable contract are: mutual assent , expressed by a valid offer and acceptance ; adequate consideration ; capacity ; and legality .
Terms and Conditions (TC) also known as Terms of Service, Terms of Use, or End User License Agreement (EULA) represent a contract between you, the provider of a service, and your users. They are a legally binding document and allow you to set your rules, within applicable law.
How to Write Terms and Conditions Detail Your Introduction. Talk About Updates to Your Terms of Service. Inform Users of the Agreement. Outline Your Responsibilities. Detail Prohibited Activities. Discuss Website and Content Ownership. Talk About Rights to Access. Write Your Companys Rights.
Examples of conditions are a financing clause for the sale of a house, financial credibility (solvency) conditions for (revolving) credit facilities, a required shareholder approval for major (MA) transactions or clearance by competition law authorities.
Whether a contract is 200 pages or 10 pages, to be a legally binding agreement they must contain six basic elements: Offer, Acceptance, Awareness, Consideration, Capacity, Legality.

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An example of this could be if a farmer promises to sell you 100 lbs. of apples, but only if the crops can produce such an amount. If the farmer is unable to produce 100 lbs. of apples, and can only produce 75 lbs., the contract will automatically be modified to adjust to what the farmer could produce.

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