🔤 Adoption Of Contract ✨
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URDU
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Roman Urdu:
mu'aahida ko apnana, naye saray se qanooni qabooliyat
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ENGLISH
📚noun
adoption of contract
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PRONUNCIATION
Standard: /əˈdɒpʃən ɒv ˈkɒntrækt/
Phonetic: /uh dop shun ov kon trakt/
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DEFINITION
the process by which a party (or a newly formed corporation) accepts, assumes, or ratifies a contract made previously on its behalf
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EXAMPLE SENTENCES
Upon incorporation, the company finalized the adoption of contract signed by promoters.
The adoption of contract bound the organization to all initial financial terms.
Without explicit adoption of contract, the new entity remains uncommitted to prior liabilities.
The board passed a formal resolution approving the adoption of contract.
Adoption of contract transfers legal responsibilities to the corporate body.
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SYNONYMS
ratification of contract contract assumption agreement acceptance
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ANTONYMS
repudiation of contract cancellation
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