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Found 1 Articles for Contract Law

Contract Law Elements of Contract Law

Contract law is a legal framework that governs the formation interpretation and enforcement of contracts A contract is a legally binding agreement between two or more parties that creates an obligation to do or not to do something To be valid a contract must contain certain elements which include What is an agreement hellip How the agreement becomes enforceable hellip Important Elements of the Contract Important elements of the contract are as follows Proposal Offer Acceptance Promise Consideration Agreement Proposal Offer In contract law a proposal or offer is the first element required for the formation of a contract It Read More
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