Estate Planning and Trusts

A CONTRACT is defined from the Latin word contractus. An agreement between two or more parties, especially one that is written and enforceable by "law." To enter into by contract; establish or settle by formal agreement. An agreement between two or more parties which creates obligations to do or not do the specific things that is the subject of that agreement.OWNERSHIP from the word possessore, is defined as someone who has the legal right to possession with the legal right to transfer

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