Law contract

Essential elements of a valid contract
The elements of common-law contract formation include offer, acceptance, and consideration.
Offer and acceptance together form mutual assent.
Additionally, to be enforceable, the contract must be for a legal purpose and parties to the contract must have capacity to enter into the contract..
What are the 4 principles of contract law?
To be legally enforceable, an agreement must contain all of the following criteria: An offer and acceptance; Certainty of terms; Consideration; An intention to create legal relations; Capacity of the parties; and, Legality of purpose..
What is the law of the contract law?
For a contract to be legally binding, and therefore enforceable, it needs to satisfy four principles: offer, acceptance, consideration and the intention to create legal relations..

Essential elements of a valid contract