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Business Law

What are the essential elements for an agreement to become a contract?

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October 05, 2009 9:03PM

con⋅tract

  AC_FL_RunContent = 0; var interfaceflash = new LEXICOFlashObject ( "http://sp.ask.com/dictstatic/d/g/speaker.swf", "speaker", "17", "15", "", "6");interfaceflash.addParam("loop", "false");interfaceflash.addParam("quality", "high");interfaceflash.addParam("menu", "false");interfaceflash.addParam("salign", "t");interfaceflash.addParam("FlashVars", "soundUrl=http%3A%2F%2Fsp.ask.com%2Fdictstatic%2Fdictionary%2Faudio%2Fluna%2FC07%2FC0798300.mp3&clkLogProxyUrl=http%3A%2F%2Fdictionary.reference.com%2Fwhatzup.html&t=a&d=d&s=di&c=a&ti=1&ai=51359&l=dir&o=0&sv=00000000&ip=42eb2fe1&u=audio"); interfaceflash.addParam('wmode','transparent');interfaceflash.write();  /n., adj., and usually for v. 15-17, 21, 22 ˈkɒntrækt; otherwise v. kənˈtrækt/ Show Spelled Pronunciation [n., adj., and usually for v. 15-17, 21, 22 kon-trakt; otherwise v. kuhn-trakt]
-noun 1. an agreement between two or more parties for the doing or not doing of something specified. 2. an agreement enforceable by law. 3. the written form of such an agreement.