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contract

delivery of goods) investment contract : an agreement or transaction in which a party invests money in a common enterprise the profits from which are derived from the efforts of others labor contract : a contract between … not require consideration in order to be binding but that must be sealed, delivered, and show a clear intention of the parties to create a contract under seal NOTE: Contracts under seal were in use long prior … (as age or mental soundness) and must have a lawful, not criminal, object. Except in Louisiana, a valid contract also requires consideration, mutuality of obligations,