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Home > Legal Research > Glossary

Formal contract

Definition
: a contract made binding by the observance of required formalities regardless of the giving of consideration
specif
: a contract that is a contract under seal, a recognizance, a letter of credit, or a negotiable instrument

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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Formal contract