Pros And Cons Of Contract In Law

What is Contract? : A contract is an agreement between two parties that creates an obligation to perform a particular duty. Sense of a contract is legally necessary agreement. Minor and a unsound mind person cannot go through into the contract not including these all other have a right to pierce in a contract. Legally for the enforcement of contract three following things require.
1. An Offer.
2. An Acceptance .
3. Consideration.(Consideration must be lawful)
Offer:
Offer is a one of a key factor of the contract but it must be legal. The offer must be sound communicated so that the getting party has the ability to accept or refuse the offer. If anyone signs a contract with out any reading it does so it is his/her own risk.The terms made in offer must be clear since court will review the clarity of contract. Bids or Request for Proposals are not valid offers. An offer must needs to be distinguished from an invitation to treat, goods on display in shops etc.
Acceptance:
Acceptance of an offer must be valid.Acceptance must match to the accurate terms of the offer.If parties have the same opinion to the terms of a contract then it will amount to form a valid contract. A valid acceptance in contract is establish a valid agreement. The acceptance must be communicate to the person

law may require some contracts be in writing and execute with particular formalities. Many types of contracts are required by law to be in writing in order to be enforceable. Although verbal contracts may be enforce because where one party had perform their duty. Enforcement of contract protect the harm to the party from the breach of