Get Contract Review Sheet - Washington State University - Public Wsu

If it is proven that an agreement has been reached, the agreement is generally considered a legally binding contract if all six elements of a contract are present. The six elements are offer, acceptance, consideration, intent, legality and capacity.

In Washington, the basic maxim is “An agreement is enforceable if its terms are reasonably certain.” The terms of a contract are “reasonably certain” if they provide the ability for determining a breach/default and for giving an appropriate remedy in case of breach/default.

Whether an oral contract is enforceable in Washington depends upon the circumstances surrounding the terms of the agreement—most notably, whether the agreement falls under the provisions of the so-called “Statute of Frauds,” requiring that certain types of contracts must always be in writing and signed by the parties ...

A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

Offer, Acceptance, and Consideration The offer and acceptance must be specific enough for a court to enforce. In other words, it must state the number of items, the price, and the timing of the transaction. Washington law also requires consideration, which is an exchange of benefits and detriments.