Business, Legal & Accounting Glossary
A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honour it. Such promises are not legally binding. For example, if you get a new job and promise to work for three years unless you resign sooner, you haven’t made a valid contract and can resign or be fired at any time.
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This glossary post was last updated: 22nd April, 2020 | 0 Views.