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Simple English definitions for legal terms
pars contractus
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A quick definition of pars contractus:
Term: pars contractus
Definition: Pars contractus is a Latin term that refers to a part of a contract. When two people agree to a verbal contract, it becomes binding immediately, and neither party can back out of the agreement. However, if they agree to put the contract in writing, that agreement becomes part of the contract, and the contract is not binding until the writing is signed by both parties.
A more thorough explanation:
Term: Pars ContractusDefinition: Pars Contractus is a Latin term used in law to refer to a part of a contract. It means that if the parties to a contract agree to reduce their agreement to writing, then the written document becomes a part of the contract. The contract is not considered final or binding until the written document is executed. For example, if two parties agree to sell a car, but they agree to put the terms of the sale in writing, then the written document becomes a part of the contract. The sale is not considered final until both parties sign the written document.