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What Is a Contract? – Understanding the Basics of Contract Law

What Is a Contract? – Understanding the Basics of Contract Law
A contract is a foundational concept in the legal world, central to both personal and business relationships. At its core, a contract is a legally enforceable agreement between two or more parties that creates obligations and rights. Contracts ensure that promises made in a business or private setting are upheld under the law.   Key Elements of a Valid Contract: 1. Offer – One party makes a clear and definite …
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