Formal Contract in Canada

Definition of Formal Contract

Formal Contract meaning or descrpition: a contract that is in writing and sealed by any party who is a promisor (which may be one or both parties); formal contracts are also called “deeds,” and in English law are sometimes referred to as “covenants” (Source of this concept of Formal Contract: emp.ca/books/468-7 and emp.ca/books/385-7)

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This entry was last updated: January 30, 2017