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Kramer is a buyer who just signed a buyer agency agreement. he likely did this so that he would receive a higher level of service
What is an Agreement?
- An agreement is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties.
- An agreement usually entails the exchange of products, services, cash, or a promise to exchange any of those things at a later time. The damaged party may seek legal remedies like damages or rescission in the event of an agreement breach.
- The foundation of agreement law, which is the area of the law of obligations pertaining to contracts, is the idea that agreements must be upheld. Like other aspects of private law, agreement law differs from country to jurisdiction.
- Common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions, which incorporate components of both common and civil law, can be used to categorize the various systems of contract law.
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