What is a contract, and what are the essential elements of a contract?

According to Black's Dictionary (Ninth Edition), a contract is "an agreement between two or more parties creating obligations that are enforcable or otherwise recognizable at law.  A contract is a promis, or a set of promises, for breach of which the law gives a remedy, or the performance of which the law in some way recognized as a duty." 

There are many volumes written on the term contract.  Basically, to create the agreement, there must be a offer to contract, and acceptance of the offer, and consideration between the parties.  Thus, a contract is a agreement.  The contract can be oral or in writing, but obviously a contract is much easier to enforce if it is written.  For more information, contact Linde Law Group today.