How to Write a Contract | Next Level Law Podcast
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About this listen
In this episode, Yolofsky explores contracts—the lifeblood of any business. Contracts constitute informal or formal agreements between at least two parties or entities to accomplish some task. An enforceable contract has three elements:
Offer: One party offers the other party some sort of payment for the completion of an action.
Acceptance: Both parties agree to the contract.
Consideration: Some sort of exchange of value occurs.
DISCLAIMER: This podcast is not meant to provide legal counsel. Please seek professional legal assistance for your specific situation.
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