Legal Mini Series w/ Robert Procter (3/4)

Description

Five Elements of Enforceable Contracts

Whether you're working on a residential construction project or any other deal, knowing the key elements of an enforceable contract helps protect everyone involved and keeps things legit.

Here are the 5 core elements every enforceable contract must have:

1. Offer

2. Acceptance

3. Consideration

4. Capacity

5. Legality

Verbal agreements can be legally binding, but written contracts are way easier to prove and enforce—especially in construction.