Senior Legal Executive Interview Questions and Answers for Freshers

Essentials of contract include offer, acceptance, consideration, intention to create legal relations, and legal capacity.

• Offer: one party must make a clear offer to another party

• Acceptance: the offer must be accepted by the other party

• Consideration: both parties must exchange something of value

• Intention to create legal relations: both parties must intend for the contract to be legally binding

• Legal capacity: both parties must have the legal capacity to enter into a contract

Clauses of a contract are essential terms and conditions that outline the rights and responsibilities of parties involved.

• Clauses are legally binding and must be clearly defined.

• Common clauses include payment terms, termination clauses, and dispute resolution mechanisms.

• Clauses can vary depending on the type of contract, such as employment contracts, rental agreements, or business contracts.