Assertion: contract's agreement | /r/HasProperty | valid
Facets:
Source sentences:
text: The parties must have an intention to be legally bound; and to be valid, the agreement must have both proper "form" and a lawful object.
text: On the basis of validity Valid Contract : An agreement which is enforceable by law, is a valid contract.
text: For example, Virginia Supreme Court has held in Lucy v. Zehmer that even an agreement made on a piece of napkin can be considered a valid contract, if the parties were both sane, and showed mutual assent and consideration.
text: That is, the plaintiff (non-breaching party) in a contractual dispute suing the breaching party may only win Expectation Damages when they are able to show that the alleged contractual agreement actually existed and was a valid and enforceable contract.