VALID CONTRACT

Valid Contract



Valid Contract

Valid Contract:

A valid contract is a type of an agreement which is signed by both the parties and meets all the requirements of state law and therefore comes into force. (Dietz, 2007)

Four Elements Valid Contract:

The elements of a valid contract are: (Dietz, 2007)

There should be at least two parties for an agreement to exist:

The agreement will only be formed between two different individuals, one individual and a company or between two companies.

The parties agree to the terms and conditions stated in the contract:

Both the parties must be aware of the terms and conditions, the legal ...