Ever wondered what is needed for a contract to be legally binding? The answer lies in four critical ingredients: an offer, acceptance, consideration, and mutual intent to establish a legal commitment. In this article, we’ll briefly highlight these key components, setting the stage for a deeper understanding of each and how they interplay to form a solid, enforceable contract.
May 20, 2024
This article will provide an overview of contract law, including types of contracts and remedies. This article will also give a summary of Illinois contract law changes for 2024.
May 16, 2024
In this article, we will examine whether or not contracts must be written down to be considered valid, as well as what types of contracts must be in writing in order to be enforced. We will specifically look at “Are Oral Contracts Valid?”, “Difficulty Proving Oral Contracts” and “Contracts That Must be in Writing.”
April 19, 2024
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