formal contract

A contract made through the observance of certain prescribed formalities.

• Among the formal contracts are the contract under seal, the recognizance, the negotiable instrument, and the letter of credit. Cf. informal contract; formal agreement under AGREEMENT.

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词条贡献者

双语律师蓉婧，国内知名法学院民商法专业，擅长翻译各类与数据隐私及安全相关的法律文件。