CONTRACT ELEMENTS

• Offer– One party promising to do something, or conversely, promising to refrain from doing a particular action 

• Acceptance– The unambiguous nature by which an agreement is solidified. This may be done verbally, or through performance or deed 

• Awareness– Both parties acknowledge the contract agreement exists 

• Consideration– When something of value is offered in exchange for the above-stated action or inaction; the value that induces the parties to enter into the contract 

• Capacity– Individuals must have the ability to reasonably understand what entering a contract agreement means; individuals compromised by, for example, drugs, may be found to lack capacity with respect to contract law 

• Legality– Valid contracts must fall in line with existing laws  

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Important notes:

We do not litigate contested contracts. We only draft and negotiate agreements and disputes related to exectuted contracts. We have referral attorneys who will handle litigation for you; some times within the scope of our fee and sometimes for a little more. It depends on the contract.