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Understanding |
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A general term referring to an agreement, either express or implied, written or oral. The term understanding is an ambiguous one; in order to determine whether a particular understanding would constitute a contract that is legally binding on the parties involved, the circumstances must be examined to discover whether a meeting of the minds and an intent to be bound occurred. Cross-referencesHow to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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