What is a legal contract?

A legal contract is an agreement, written or verbal, between two or more parties that can be enforced by law. Learn more about legal contracts and how they work.

What makes a contract legally enforceable?

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.

What is a legal contract at no cost?

At No Cost! What is a Legal Contract? A legal contract is an agreement which is enforceable under contract laws. The majority of legal contracts are written and signed. In some jurisdictions, oral agreements may also be recognized as legal contracts.