What makes a contract or agreement legally enforceable?

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For suppose, if a intentionally long hundred page T&C page has a unintentional mistake, would that enforceable as well. And why do countries even bother signing agreements? Why is signature universally accepted way of confirmation?

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Anonymous 0 Comments

An agreement has to meet a few criteria to be considered a binding contract. Exact laws vary from jurisdiction to jurisdiction, but generally you need the following:

* Agreement – usually an offer by one party and acceptance by the other
* Certainty – the terms of the contract have to be clear
* Consideration – basically, both parties have to offer something. For example, I offer you $5,000 and you offer me your car. If I offer you $5,000 and you don’t offer anything in return, it’s not a contract and you can’t force me to pay.
* Intention to create legal relations: the parties have to intend that the agreement is binding. Like if I buy you a drink and you say you’ll pay me back, that’s more of an informal gentlemen’s agreement than something we intend to be able to get a court to enforce.

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