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What is Essentials of a Valid Contract Explained about?

A valid contract is a legally binding agreement enforceable by law, requiring free consent, lawful consideration, and competent parties. The essentials of a valid contract include offers and acceptance, legal relationships, and the possibility of performance. Additionally, contracts can be influenced by undue influence, where one party dominates the will of another, and the burden of proof lies on the dominating party if the contract appears unconscionable.

Author

Naren Y

Language

EN