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Contract Basics: What Makes a Contract Legal? episode artwork

Oct 19, 2026 3 min

Contract Basics: What Makes a Contract Legal?

from Bite-Sized Business Hacks

Kicking off the Contract Basics series, Chris Clark covers the three elements that make a contract legally binding, and why even sophisticated agreements sometimes fail without them. In this episode: A binding contract generally needs an offer, an acceptance, and mutual consideration. Consideration means both sides receive something of value: a bargained-for benefit. A signed, written promise can still be unenforceable if only one side is giving something. The takeaway: Writing it down and signing it isn't enough; both sides need to be giving and getting something. About the host: Chris Clark is the founder of CLARK.LAW, a business and intellectual property law firm in Charlotte, North Carolina. If you'd like to speak with an attorney about a contract, learn about our Contract Law services at https://clark.law/contract-law/ or contact us at https://clark.law/contact/ Follow CLARK.LAW on Facebook, YouTube, Instagram, LinkedIn, and TikTok. This podcast provides general information only and is not legal advice. Listening does not create an attorney-client relationship.

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