Swiss Contract Validity Elements
Summary
A valid contract under Swiss law requires agreement, legal capacity, a lawful purpose, adherence to any required form, and consideration. Ensure all elements are present for enforceability. If you have specific clauses or details, review them for compliance with these requirements.Full Conversation
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Question: To determine if a contract is valid under Swiss law, several elements must be present:
- Agreement: Both parties must agree to the terms.
- Capacity: Parties must have legal capacity to contract.
- Lawful Purpose: The contract's purpose must be legal.
- Form: Some contracts require specific forms (e.g., written).
- Consideration: An exchange of value must occur.
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