By its nature,a commercial contract can only be intended as legally binding by the parties.

Question

Quizplus · Accepted Answer

Commercial contracts are intended to be legally binding, but not all agreements between parties, even in a commercial context, are intended to create legal obligations. The intention to create legal relations is a key element in determining the enforceability of a contract, but it is possible for parties to engage in agreements or memoranda of understanding that they do not intend to be legally binding.

By Its Nature,a Commercial Contract Can Only Be Intended as Legally