Contract elements

What are the elements of a contract?

Answer #1

Agreements, eg, what each party intends to do.

Payment terms, and signature.

In my view, that about sums it up in a broad sense…

Answer #2

From: http://www.expertlaw.com/library/business/contract_law.html

A “Meeting of the Minds” (Mutual Consent)

Offer and Acceptance

Mutual Consideration (The mutual exchange of something of value)

Performance or Delivery

Good Faith

No Violation of Public Policy

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