
A contract in legal parlance is an agreement between two or more parties creating obligations that are recognisable,enforceable, and binding on both parties at law. Simply put, it is an agreement between two parties.
This agreement could be oral or written. For any contract to be valid, certain elements are essential. They are; offer, acceptance, and consideration exchanged for the good/service offered. Thus, a contract is between an offeror (the party offering a good/ service) and an offeree (the party accepting the good/service).
In accepting the offer, the offeror and offeree usually have different conditions that are considered back and forth before a consensus is reached. These are usually the