Understanding Contract Ratification Before a contract can fully bind the parties involved, especially when its initial validity is questionable, the legal concept of ratification may come into play. Ratification is essentially the act of knowingly giving sanction or affirmance to an act that would otherwise be unauthorized and not legally binding. It is the process […]
Meta Description: A deep dive into contract ratification, explaining when an agreement becomes legally binding, the requirements for approval, and how to validate voidable contracts in agency, minor, and duress scenarios. In the complex world of legal agreements, not every document signed or verbally agreed upon is instantly and fully enforceable. Sometimes, a contract is
Key Takeaway: Contract Ratification Contract ratification is the formal or implied act by which a party confirms and accepts the terms of an agreement, making it legally binding, especially when the contract was initially voidable or made without proper authority. It transforms a defective or tentative agreement into an enforceable legal obligation, often retroactively, and