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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.

Elements of a Contract Offer - One of the parties made a promise to do or refrain from doing some specified action in the future. Consideration - Something of value was promised in exchange for the specified action or nonaction. ... Acceptance - The offer was accepted unambiguously.

When quoting a contract, you should write the quote and then include the page number and section where the quote can be found. If you cite a contract in a letter, you should inform the recipient that you can provide them a copy of the contract if necessary.

Insert footnotes and endnotes Click where you want to reference to the footnote or endnote. On the References tab, select Insert Footnote or Insert Endnote. Enter what you want in the footnote or endnote. Return to your place in the document by double-clicking the number or symbol at the beginning of the note.

A null and void contract is a formal agreement that is illegitimate and, thus, unenforceable from the moment it was created. Such a contract never comes into effect because it misses essential elements of a properly designed legal contract or violates contract laws altogether.

A ?binding contract? is any agreement that's legally enforceable. That means if you sign a binding contract and don't fulfill your end of the bargain, the other party can take you to court. You might encounter binding contracts frequently, whether you're signing a rental lease agreement or just bought a car.

I recommend that you never use footnotes in a contract. Just say in a regular provision whatever needs saying. Using a footnote to suggest that what's in the footnote is of lesser significance is analogous to using the phrase in particular to highlight a provision (see MSCD 13.343).