Definition of contractual intent explained in everyday language

The court held that there was no valid contractual offer because defendant's mistake of fact negated his contractual intent.

An example of contractual intent:

Fergus has been restoring a vintage Jaguar for about eighteen months. One day, after fruitlessly working to start the engine, Fergus visits his neighbor, Jack, who asks how the car is coming. Fergus exclaims, “Give me five dollars and you can take the car.” Jack, pulls a five from his wallet, hands it to Fergus and asks for the keys. Although the two went through the motions of forming a contract, no agreement exists as Fergus had no contractual intent. He never intended to sell the automobile for five dollars.


	contractual intent as an issue of Agreement (read more...) contractual intent, defined: the intention of a party to willingly enter into a contractual agreement. contractual intent, as it might be used: The court held that there was no valid contractual offer because defendant's mistake of fact negated his contractual intent. An example of contractual intent: Fergus has been restoring a vintage Jaguar for about eighteen months. One day, after fruitlessly working to start the engine, Fergus visits his neighbor, Jack, who asks how the car is coming. Fergus exclaims, “Give me five dollars and you can take the car.” Jack, pulls a five from his wallet, hands it to Fergus and asks for the keys. Although the two went through the motions of forming a contract, no agreement exists as Fergus had no contractual intent. He never intended to sell the automobile for five dollars.				CURRENT LOCATION: Home > Law Dictionary > contractual intent SHARE THIS WITH A FRIEND LEAVE US YOUR FEEDBACK BROWSE ALPHABETICAL INDEX Search Dictionary How tough is this term? The term, *contractual intent*, scores 50% on the Jargon Index (click for explanation)
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contractual intent

contractual intent, defined:

contractual intent, as it might be used:

An example of contractual intent: