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  1. Offer and acceptance: One party must make an offer, and the other party must accept it.
  2. Consideration: Both parties must receive something of value in exchange for what is promised in the contract.
  3. Legal purpose: The contract must not involve anything illegal or against public policy.
  4. Capacity: Both parties must have the legal capacity to enter into a contract.
  5. Mutual assent: Both parties must agree to the terms of the contract willingly and with a clear understanding of what is expected.
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AnswerBot

1y ago

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