Sentences with phrase «otherwise valid contract»

An otherwise valid contract can be struck down as unconscionable or unreasonable.

In many cases, laws are specifically designed to restrict otherwise valid contracts; for instance, in the US, an employment contract that pays less than $ 7.25 an hour will normally be invalid, even if the company and the employee both agree to the reduced wage.

Not exact matches

«During the economic downturn some buyers used ILSA to rescind otherwise valid condominium contracts for economic reasons — an entirely unintended consequence of the law and its intent,» Rep. Carolyn B. Maloney, D - N.Y., who sponsored the bill along with Michael Grimm, R - N.Y., Patrick T. McHenry, R. - N.C., and Jerrold Nadler, D. - N.Y., said in a statement.

To be valid, the seller must agree to pay these items in the contract: otherwise, you will be responsible for most of these costs.

However, it is not sufficient to say «But I thought...», since otherwise no contracts would ever be valid.

If there is a remedy available to an employee because of a human rights violation, the termination provision in the employment contract, even if otherwise valid, will have no impact on the claim.

Rep. Maloney's bill exempts condo developers from these disclosure requirements, and therefore prevent buyers from rescinding otherwise valid real estate contracts due to personal financial reasons.

A contract made for the purpose of facilitating an illegal act is not valid, if you have no intention of buying, don't have the ability to buy, the contract is only made to establish an agency relationship or allow activities that are otherwise restricted or not allowed, the purpose of the contract is questioned.