What is a contract, and what are the essential elements of a contract?
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 Cody & Linde, PLLC today.