Contract Agreement Category

Context:
- It can (typically) be the output of a Contract Categorization Task.
- It can (often) be used to facilitate Contract Analysis by providing a structured approach to understand the diversity of contracts.
- It can (often) aid in the Contract Management Process by organizing contracts in a way that simplifies retrieval and analysis.
- It can include categories such as written contracts, oral contracts, express contracts, implied contracts, quasi-contracts, bilateral contracts, unilateral contracts, void contracts, voidable contracts, and unenforceable contracts.
- ...
Example(s):
- Express Contract, a category for contracts where the terms are explicitly stated and agreed upon by all parties involved.
- Implied Contract, for agreements inferred from the actions or conduct of the parties, rather than from written or spoken words.
- Bilateral Contract, categorizing contracts involving mutual promises made by two parties.
- Contract Type.
- ...
Counter-Example(s):
- A Contract Clauses, which are specific provisions or sections within a contract, rather than categories of contracts.
- Contract Agreement Categorization Task, which is a task to classify contracts into these categories, not a category itself.
See: Contract Analysis, Contract Management Process, Taxonomy of Contracts, Legal Document Processing.

References

https://saylordotorg.github.io/text_legal-aspects-of-marketing-and-sales/s11-03-basic-taxonomy-of-contracts.html
- QUOTE: Some contracts are written, some oral; some are explicit, some not. Because contracts can be formed, expressed, and enforced in a variety of ways, a taxonomy of contracts has developed that is useful in grouping together like legal consequences. In general, contracts are classified along four different dimensions: explicitness, mutuality, enforceability, and degree of completion. Explicitness is the degree to which the agreement is manifest to those not party to it. Mutuality takes into account whether promises are given by two parties or only one. Enforceability is the degree to which a given contract is binding. Completion considers whether the contract is yet to be performed or whether the obligations have been fully discharged by one or both parties. We will examine each of these concepts in turn.