The legal classification of a contract that isbinding and enforceable in a court of law.

Merriam-Webster Online Dictionary
valid (adjective)
1.
having legal efficacy or force , especially executed with the proper legal authority and formalities - a valid contract
2.
a) well-grounded or justifiable being at once relevant and meaningful - a valid theory
b) logically correct - a valid argument valid inference
3.
appropriate to the end in view - effective every craft has its own valid methods
4.
of a taxon conforming to accepted principles of sound biological classification
Merriam-Webster Online Thesaurus
valid (adjective)
1.
according to the rules of logic
SYNONYMS:
analytic ( analytical), coherent, consequent, good, rational, reasonable, sensible, sound, valid, well-founded, well-grounded
RELATED WORDS:
a posteriori, a priori, syllogistic; cognitive, empirical ( empiric); defendable, defensible, justifiable, maintainable, supportable, sustainable, tenable
NEAR ANTONYMS:
casuistic ( casuistical), eristic ( eristical), fallacious, misleading, sophistic ( sophistical), specious; unarticulated; unscientific; absurd, cockeyed, crazy, daffy, fatuous, half-baked, half-witted, harebrained, insane, loony ( looney), mad, nonsensical, nutty, preposterous, simpleminded, stupid, weak-minded, witless; senseless, thoughtless; uncompelling, unconvincing
illegitimate, illogical, incoherent, inconsequent, inconsequential, invalid, irrational, unreasonable, unsound, weak
valid (adjective)
2.
based on sound reasoning or information
SYNONYMS:
commonsense, commonsensible, commonsensical, firm, hard, informed, just, justified, levelheaded, logical, rational, reasonable, reasoned, sensible, sober, solid, valid, well-founded
RELATED WORDS:
actual, real, true; certain, sure; certified, validated, verified; confirmed, corroborated, substantiated; cogent, convincing; colorable, credible, plausible
NEAR ANTONYMS:
unsubstantiated, unsupported, unwarranted; flimsy, implausible, unconvincing, weak; fallacious, false, misguided, misled
groundless, illogical, invalid, irrational, nonrational, nonsensical, nonvalid, unfounded, uninformed, unjustified, unreasonable, unreasoned, unsound
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