Do I Have a Contract? Is a legal question that is commonly asked when parties are entering into a business agreement. It typically applies to agreements involving goods or services, and involves determining whether the parties have an enforceable contract. There are two types of Do I Have a Contract? Questions: one for verbal agreements and one for written agreements. In the case of verbal agreements, the question can be answered by determining if the parties had a meeting of the minds and agreed to the same terms. In the case of written agreements, the question can be answered by examining the terms of the contract and determining if all the essential elements are present. The essential elements of a contract include: offer, acceptance, consideration, intention to create legal relations, and capacity. If all of these elements are present, then the parties have an enforceable contract. If any of these elements are missing, then the parties do not have a contract.
Do I Have a Contract? Is a legal question that is commonly asked when parties are entering into a business agreement. It typically applies to agreements involving goods or services, and involves determining whether the parties have an enforceable contract. There are two types of Do I Have a Contract? Questions: one for verbal agreements and one for written agreements. In the case of verbal agreements, the question can be answered by determining if the parties had a meeting of the minds and agreed to the same terms. In the case of written agreements, the question can be answered by examining the terms of the contract and determining if all the essential elements are present. The essential elements of a contract include: offer, acceptance, consideration, intention to create legal relations, and capacity. If all of these elements are present, then the parties have an enforceable contract. If any of these elements are missing, then the parties do not have a contract.
