👉 Irretractable, in the context of legal transactions and contracts, refers to a contract that cannot be changed or altered after its initial execution. This means that once an agreement is made between two parties, it remains binding until the terms are agreed upon by both parties in writing. Irretrabale contracts are typically considered more favorable for one party because they provide them with control over any changes to the original agreement without the need for a new contract to be drafted. This allows parties to maintain
