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For example an office worker would type documents etc. in exchange for a wage. Therefore a business could not exist without contracts.
Requirements of a Valid Contract
For a contract to be valid, both parties must give their assent and agreement. An essential element of a valid contract is that all parties must agree on all major issues.
The six requirements for a contract to be valid are as follows:-
1. An agreement which usually consists of an offer and an acceptance of that offer.
2. The agreement must have consideration which is something bargained for and given in exchange for a promise
3...
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