Your Key Considerations when Creating a Contract
It is important to understand the basics of what a contract is and how to create one if you want to:
- Avoid unintentionally creating a contract that is not legally binding
- Create contracts that are legally binding
In order for a contract to be legally binding there must be:
- An offer made by one of the parties
- Consideration of the offer
- Acceptance of that offer by the other party
- The intention to create a legal relationship
There is a more detailed explanation of the key elements of a contract available in our Commercial Contracts – essential elements, section. Reading the Your Responsibilities page will also be helpful.
For further legal help and advice contact our legal team on 0207 381 8111 or by email.