A contract consists of

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A contract consists of three key elements: an offer (a proposal or expression of willingness to do business), acceptance (an unconditional agreement to the terms of the offer), and consideration (something of value that is exchanged between the parties). Without all three of these elements, a contract is generally not considered legally binding. While remedies and equitable relief may come into play later in the event of a breach of contract, they are not fundamental to the formation of the contract itself.

A Contract Consists of