Resource Description:

Questions answered by the resource:

An article describing the basics of contract law as it applies to business, including the requirements of a valid contract, the use of oral versus written contracts, and remedies for a breach of contract.

• What does a contract need to include at its most basic?

• What does a contract need to include to be legally binding?

• What is the "offer" part of a contract?

• What is the "acceptance" part of a contract?

• What is the "consideration" part of a contract?

• What is a breach of contract, and what can I do about it?

• When should a contract be in writing?