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The basics: do you have a contract? Is there a binding agreement in place?

Overview

Do you know what you need to form a contract? Have you thought there was a contract in place but the agreement was not binding? Have you been party to a binding contract when you thought you were still trying to reach an agreement?

 

The process of entering into a legally binding contract may appear straightforward but you must ensure the basics of contract formation are satisfied. If they are not there may be trouble ahead.

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