What Are The Elements Of A Valid Contract?

Posted 11 months ago  | 
General Legal,Legal Agreement Drafting
General Legal Legal Agreement Drafting

1 Answer(s)

Deepika Gill
Advocate

In order for a contract to be valid, certain elements of proof must be met. These include: the existence of an agreement between the two parties; the parties are competent to form a contract; the parties agree to the arrangement; the agreement is supported by consideration; the agreement is not lawful; and the agreement follows the form required by contract laws. If any of these elements is missing, the contract might not be enforceable in a court of law.