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INGOSAN, XYJI MAVE January 9, 2023

BSCRIM 2B- CDI3C

Five (5) importance of a legal instrument


1) Enforce the agreement – so that both parties will do their parts that was mentioned to the
agreement

2) Secure the legal rights – if one party didn’t follow the agreement then offended party will
have the rights to sue the parties who violated the agreement

3) Secure the obligations – for both parties to work or follow the agreement so that they can
enjoy the fruits to their agreement

4) Secure the duties – for both parties to do their task and doesn’t need to supervise them

5) For the agreement to be legitimate – to have a proof that you made an agreement to other
parties

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