Elements of a Contract

Learn about the definition for this legal term.

What is Elements of a Contract?

The requisite elements that must be established to demonstrate the formation of a legally binding contract are (1) offer; (2) acceptance; (3) consideration; (4) mutuality of obligation; (5) competency and capacity; and, in certain circumstances, (6) a written instrument.

Further Reading

For more detailed information, see our related Contracts terms:

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