After an offer is made, the next step in the formation of a contract is Acceptance. If an offer is not accepted, all parties go back to the negotiating table.This article gives basic information on contracts and the general rights and remedies under a contract. A contract is void if one party is forced to agree to it due to physical, emotional, or financial threats or coercion. An implied-in-fact contract happens when one party makes an offer that another party accepts without any formal agreement between them. The offeree cannot accept an offer to form a contract unless the terms of the offer are reasonably certain (Fort Worth. Indep. Sch. Dist. v. Learn what makes contracts legally binding in Texas, including key elements, Statute of Frauds rules, and how to protect your business agreements. Discover how a simple handshake can become a legally binding agreement in the Lone Star State. From Texan tales to practical tips. Generally, acceptance of an offer must be communicated to the offeror for a contract to be binding.