A valid written contract must contain the identities of the parties, an identification or recitation of the subject matter and terms of agreement, and a statement of consideration.

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A valid written contract must indeed include the identities of the parties involved, a clear identification or description of the subject matter and terms of the agreement, and a statement of consideration (what each party is promising to do or provide in exchange for the other's performance or goods). These elements are essential to ensure that the contract is enforceable and that the obligations of each party are clearly defined.

A Valid Written Contract Must Contain the Identities of the Parties