Question
Research the differences between US and Saudi contracts with regard to legal approval Respond to at least one of your classmates' postings. Also, there is
Research the differences between US and Saudi contracts with regard to legal approval
Respond to at least one of your classmates' postings.
Also, there is answer for a that requires a response:
USA contracts with regard to legal assent: An agreement between private parties creating mutual obligations 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. In some states, the element of consideration can be satisfied by a valid substitute. Possible remedies for breach of contract include general damages, consequential damages, reliance damages, and specific performance.
Contracts are promises that the law will enforce. Contract law is generally governed by the state Common Law, and while general overall contract law is common throughout the country, some specific court interpretations of a particular element of the contract may vary between the states. If a promise is breached, the law provides remedies to the harmed party, often in form of monetary damages, or limited circumstances, in the form of specific performance of the promise made.
KSA contracts with regard to legal assent:
There is no construction law in Saudi Arabia, therefore all construction agreements in the private sector are subject to the parties consent, provided that the agreement does not contradict Sharia Law. However, some specific rules apply to public sector contracts according to the Government Tenders and Procurement Law 2006.
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