A  binding agreement between two or more persons that is enforceable by law ?

A decision reached by two or more people or groups

A proposal by one party to another intended to create a legally binding agreement.

A second party's unqualified willingness to go along with the first party's proposal.

If a valid offer is met by a valid acceptance

legal ability to enter into a contract

The exchange of things of value.

The contract's purpose must be to accomplish some goal that is legal and not against public policy.

discussion aimed at reaching an agreement for a contract

Laws and regulations that allow a government to clearly define the boundaries of what is allowed versus what is not allowed.

It has all the essentials of a contract and it is enforceable under both state and federal laws

It is no longer considered a contract at all. Since it has lost its status as a contract, it isunenforceable and has no binding legal effect.

It is a contract where breaches exist that can render the contract invalid.

It is a contract that is valid but is unable to be enforced in a court of law. This can be due to the lack of a vital legal requirement or evidence.

It is an agreement that would require one person entering into it to break the law to perform their rights and responsibilities.