Contract Category
A contract is a legally binding agreement between two or more parties that outlines the rights and obligations of each participant. It establishes clear terms for the delivery of goods, services, or other commitments to prevent disputes and protect all involved parties. Drafting a contract requires careful attention to detail, including essential elements such as offer, acceptance, consideration, and mutual consent. Enforcing contracts relies on jurisdiction-specific laws that ensure compliance and provide remedies in case of breaches.
