All of the following are essential for a valid real estate contract, except:

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Parole evidence refers to any prior oral or written agreements or understandings between the parties that are not explicitly stated in the written contract. While it is important to have a valid real estate contract, parole evidence is not an essential element of the contract itself. Lawful object, mutual consent, and capable parties are all essential for a valid real estate contract.

All of the Following Are Essential for a Valid Real