Contract Validity Essay - Essay Prowess

Contract Validity Essay

Contract

What is a contract

A contract is a formal agreement between two or more individuals, organizations or governments, and entails some rules and details governing each of the parties involved. For example, in an organization, a contract may outline the roles and responsibilities of an employee or supplier for a given period of time.

Elements of a contract

A valid contract is composed of a number of elements. For example, a contract is said to be valid if it has an offer and acceptance

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