1. Offer
One party is required to propose terms to another party. These terms outline the obligations that the offering party must fulfill.
2. Acceptance
a valid contract requires any offer that’s been made to be accepted by the other party. This is a widely recognized part of the contract process.
3. consideration
Consideration is an essential element in contract law, representing the exchange of something of value between parties. For a contract to be valid, there must be a mutual exchange that is not illegal or against public policy.
4. Agreement
To validate a contract, all parties must demonstrate a clear intention to establish a formal agreement and agree to the terms as legally binding.
General Contracts
"Professional Drafting Services for a Range of Agreements"
- Memorandum of Association (MoA)
- Distributorship Agreements
- Agency Agreements
- Supplier Agreements
- Franchise Agreements
- Trust Deeds
- Facilities Management Agreements
- Investment Agreements
- Joint Ventures
- Advertising Agreement
- Marketing Agreements
- Mergers & Acquisitions
- Share Transfer Agreements
- Shareholder Agreements
Why a contract is crucial in a business partnership?
Contracts play a crucial role in business relationships by clearly outlining the commitments and expectations of each party involved, thus minimizing the risk of misunderstandings and disputes.
Investigating the Purpose and Functionality of a Contract
A contract serves as a legally binding agreement between parties, setting out the terms and conditions of a specific arrangement, much like how a blueprint details the design and materials for a building.
