What Makes Up a Contract?

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What Makes Up a Contract? – This is a place for the community to provide tips and advice on What Makes Up a Contract?. This topic was created by Corene Miller and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Contracts 101: Make a Legally Valid Contract | Nolo.com

Published: 9 years, 6 month(s) ago | Submitted by Jean Comer | permalink

All you need is a clear agreement and mutual promises to exchange things of value.

For further reading: http://www.nolo.com/legal-encyclopedia/contracts-101-make-legally-valid-30247.html ^[1]

Tip 2 - What Makes A Contract Valid?

Published: 9 years, 6 month(s) ago | Submitted by larryncaldwell | permalink

Twisted legalese aside, the core elements are clear agreement and a mutual promise to exchange something of value.
Tags: Entrepreneurs,Valid Contract,Options,contract,Small Business

For further reading: http://www.forbes.com/2006/11/20/smallbusiness-statelaw-gifts-ent-law-cx_nl_1120contracts.html ^[2]

Tip 3 - Is This Contract Valid?

Published: 9 years, 6 month(s) ago | Submitted by Frank Foerster | permalink

Learn the elements needed to make a business contract legally binding.
Tags: business contracts,legal issues,legal contracts

For further reading: http://www.entrepreneur.com/article/175238 ^[3]

Tip 4 - What Must a Contract Contain to Be Legally Binding? | AllBusiness.com

Published: 9 years, 6 month(s) ago | Submitted by Liland | permalink

To be legally binding, a contract needs two essential components: 1) an agreement, and 2) consideration.

For further reading: http://www.allbusiness.com/what-must-a-contract-contain-to-be-legally-binding-731-1.html ^[4]

Tip 5 - What Makes a Valid Contract? | AllBusiness.com

Published: 9 years, 6 month(s) ago | Submitted by Greg Simonoff | permalink

When one party makes an offer, and a second party accepts the terms and conditions of this offer, then an agreement has been reached. At this point, the only the thing needed to become a valid contract is what's known as the consideration.

For further reading: http://www.allbusiness.com/what-makes-a-valid-contract-734-1.html ^[5]