The 5 Elements of a Contract

legally binding: An agreement that creates legal obligations enforceable in court.to regurgitate textbook: To repeat information from a textbook without understanding.to kick off: To begin or start something.a valid offer: A proposal made with the intention to be bound, with clear terms.vague language: Words or phrases that are unclear or imprecise.down the line: In the future.consideration: Something of value exchanged between parties in a contract.acceptance: Agreement to the terms of an offer.intention to create legal relations: The shared understanding that an agreement is legally enforceable.capacity to enter into a contract: The legal ability to form a binding contract.unenforceable: A contract a court will not enforce due to a legal defect.set in stone: Fixed and unchangeable.stay on top of something: To remain informed and in control of a situation.to hone a skill: To improve or refine a skill.grasp a nuance: To understand a subtle difference in meaning.Need Classes? Legal English innovation has several classes weekly, focusing on commercial law and other areas to help you communicate better with your clients.+57 320-315-4781 Follow us on Instagram!Friends on Facebook? Like us on Linked In?