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10/03/2026
04/12/2025
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What is Contract?
Contract is an agreement between two parties that is legally binding and is enforceable by law.
Essential Elements of a Valid Contract:
These include:
1 Offer
2. Acceptance
3. Consideration
4. Intention to Create legal Relation
Capacity to Contract
Understanding Contract Law: A Guide for Businesses.
Contract law is a crucial aspect of business operations, governing agreements between parties. A well-drafted contract can protect your interests, while a poorly written one can lead to disputes and financial losses.
What is a Contract?
A contract is a legally binding agreement between two parties, outlining terms and conditions. It can be written or verbal, but written contracts
Key Elements of a Valid Contract
1. Offer
2. Acceptance
3. Consideration
4. Capacity to Contract
5. Intention to Create legal Relation
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