what are the essential for valid contract?
181214
A contract has six important elements so that it will be valid which is offer, acceptance, consideration, intention to create legal relation, certainty and capacity. If the main elements are not in contract, it would be an invalid contract.
647627
It is a promise made between two or more parties that which allow the courts to make judgement. A contract has six important elements so that it will be valid which is offer, acceptance, consideration, intention to create legal relation, certainty and capacity.
42725
['Tender must be Unconditional. ... ', 'Tender must be made at a proper time and place. ... ', 'Chance of Adjudging. ... ', 'Must be for Agreed Quantity and Quality. ... ', 'Whole Obligation. ... ', 'Should be made to the Proper Promisee. ... ', 'Reasonable Opportunity to Inspect. ... ', 'Should be made in Legal Tender.']
445230
All that is required is an offer, acceptance of the offer and consideration. Within that simple framework, complicated issues can arise. For example, a common question is whether there was a valid offer. If there is no offer, there can be no contract.
1393039
1- Offer and acceptance: There needs to be a lawful offer and acceptance to form a contract. The term 'lawful ' means that, in relation to this, the offer and acceptance must meet the requirements of the contract act. The offer or proposal is defined under section-2(a) of the Contract Act.
111073
(5) Acceptance must be made before Revocation of offer. (1) Acceptance must be Communicated : To constitute a Valid Contract, the acceptance must be communicated and moreover, such communication should be made to offeror. mere intention or mental determination to accept on the part of the offeree is no acceptance.
442415
A contract is an agreement between two private parties that create mutual legal obligations. ... As such, not every contract is inherently legally binding. If the contract does not meet the requirements of being a valid contract, it is also not likely legally binding.
288337
['2.1 Agreement.', '2.2 Consideration.', '2.3 Capacity.', '2.4 Intention.', '2.5 Certainty.']
565677
(1) The offer must be Communicated Communication or expression of the willingness by the offerer to enter into a contract or abstain from doing so is essential for a valid offer. Mere desire or willingness to do or not to do something is not enough and will not constitute for an offer.
1126319
A simple contract is an agreement made by two parties. This agreement can be an oral or a written one. There must be an offer, consideration, and an acceptance to make it valid. Even if the document is not drafted by a lawyer, it can still land you in court in the case of a breach of the contract.
198912
An agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
298589
There has to be an offer and acceptance, the essential elements of a contract are the offer and acceptance (constituting the agreement), the consideration or the seal, the parties and the subject matter. The presence of all of these elements creates a valid contract.
234523
['Mutual Assent or a meeting of the minds is an essential element of an offer and an acceptance.', 'In Writing. ... ', 'Identify the Parties. ... ', 'Property Description. ... ', 'Purchase Price. ... ', 'Legal Consideration. ... ', 'Signatures.']
181819
['Offer. The offer is the very first part of creating a contract. ... ', 'Acceptance. A contract cannot legally exist without the offeree giving acceptance to the proposed offer. ... ', 'Consideration. The object, event, service, payment, etc. ... ', 'Legality of subject matter. ... ', 'Contractual capacity. ... ', 'Contractual intent.']
381788
A basic binding contract must comprise four key elements: offer, acceptance, consideration and intent to create legal relations.
404488
The law may state that these types of contracts need to be in writing, but it doesn't usually say anything about them having to be typed. This means that a handwritten contract is a valid contract in the eyes of the law, although you should always get legal advice and check your state's laws.
1150515
['Two or More Persons: ... ', 'Agreement: ... ', 'Lawful Business: ... ', 'Sharing of Profits: ... ', 'Mutual Agency (i.e., Principal Agent Relationship): ... ', 'No Separate Legal Existence: ... ', 'Unlimited Liability:']