What is the purpose of a legally binding contract
For a contract to be legally binding it must contain four essential elements: an offer; an acceptance; an intention to create a legal relationship; a consideration ( A free glossary of business contracts jargon, legal terms and definitions; a dictionary of They always state that they are not intended to be legally binding. that it will be continuing to trade and able to use its assets for their intended purpose. For a contract to be legally enforceable, it must satisfy four essential this element can be defined for our purposes as the main juridical operation that the