Essential of a contract and important clauses in contract

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Essentials of a contract include offer, acceptance, consideration, legal capacity, and legal purpose. Important clauses include payment terms, termination, dispute resolution, and confidentiality.

Essentials of a contract: offer, acceptance, consideration, legal capacity, legal purpose
Important clauses: payment terms, termination, dispute resolution, confidentiality
Offer: one party proposes terms
Acceptance: other party agrees to terms
Consideration: something of value exchanged
Legal capacity: parties must be competent
Legal purpose: contract must be legal
Payment terms: specify how and when payment will be made
Termination: conditions under which contract can be ended
Dispute resolution: process for resolving conflicts
Confidentiality: protection of sensitive information

Essential of a contract and important clauses in contract

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