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For a contract to be formed, there are four essential elements: offer, acceptance, consideration, and mutual intent to create a legal obligation. The offer must be clear and communicated to the other party, who must then accept it unequivocally. Consideration refers to something of value exchanged between the parties, and both parties must have the intent to enter into a binding agreement. Additionally, both parties should have the legal capacity to contract and the agreement must be for a lawful purpose.

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2w ago

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