Small businesses frequently enter into contracts with customers for the sale of products or services, with vendors for the supply of goods and with employees. Contracts must contain seven key elements ...

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

Buying a movie ticket, returning a library book and paying the person who mows your lawn are valid contracts. A legal contract consists of an agreement between two or more parties in which the parties ...