1
The Offer
A clear, specific proposal outlining what one party is willing to do or provide, including detailed terms and conditions.
2
Acceptance
Clear agreement by the other party to all terms of the offer, without modifications or conditions.
3
Consideration
Something of value exchanged between parties – money, services, goods, or promises to act or refrain from acting.
4
Mutual Consent
Both parties enter the agreement freely and with full understanding, without coercion, fraud, or misrepresentation.
5
Legality of Terms
All contract terms and the subject matter must be legal and not violate any laws, regulations, or public policy.
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Contract Analysis Incomplete
