Contracts are legally binding agreements between two or more parties. In order for a contract to be valid, it must have certain elements such as offer, acceptance, and consideration. Continue Reading Below
Contracts are legally binding agreements between two or more parties. In order for a contract to be valid, it must have certain elements such as offer, acceptance, and consideration. Contracts are commonly used in business transactions, but can also be used for personal matters such as purchasing a home or hiring a contractor for home renovations.