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What is the distinction between ESSENTIAL ELEMENTS and TERMS & CONDITIONS of a contract?

Contract Documentation Contract Litigation Contract Negotiation Contract Review Project Management
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Question ajoutée par Hasanussaman Anamangadan , Tendering Executive , BA Holding WLL
Date de publication: 2015/06/23
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Raphael Adeyemi
par Raphael Adeyemi , Executive Director - Contracts , Bethphage Integrated Project Services Limited

 

Four Essential Elements of a Contract

An agreement must contain four essential elements to be regarded as a contract. If any one of them is missing, the agreement will not be legally binding.

Offer, Acceptance, Intention to create legal obligations and consideration.

Ahmed Montasser Hasan Ibraheem Farag
par Ahmed Montasser Hasan Ibraheem Farag , Project Manager , Rawafed Tech

Thanks for invitation, and I am really sorry for my late, because I were  had a lot of work.

Pratibha Kumbhat
par Pratibha Kumbhat , Corporate Legal Counsel , Gulf Marketing Group

Offer, Acceptance to the offer, Consideration and legal obligation are essential elements of any contract, however terms and conditions may de different and vary for different contracts.

Hasanussaman Anamangadan
par Hasanussaman Anamangadan , Tendering Executive , BA Holding WLL

The ESSENTIAL ELEMENTS are the features that give the contract its legal enforceability, while the TERMS & CONDITIONS are an inherent part of the contract.

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