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The Contracts table holds all Contract records, and controls the associated automation and notifications that are related to them.

Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.

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.

Often contracts are often read in a non-linear fashion, as the users search for specific information to answer specific questions or accomplish specific tasks: table of contents are a common solution to support this way of searching for and accessing information.

Contract Tables #TABLEDescription3FKKVKcontract Account Header4FKKVK_CORRCorrespondence for Relationship contract Account<->Partner5EKKOPurchasing Document Header6EKPOPurchasing Document Item82 more rows

Contracts constantly vary in length, terms, and complexity. But for an agreement to be legally valid and enforceable, several elements must be fulfilled: Legality, Capacity, Offer, Consideration, Intention, Certainty, and Acceptance.

Essentially, individuals can't form a contract around an activity, promise, or something else that is illegal. For a contract to be valid, it must not contain unlawful promises or considerations. A common example of unlawful consideration is a promise to do something against the law, such as committing a crime.