When our Members sign contracts they must make sure all the conditions are met to make them legally binding in a court of Law. Always remember that contracts work both ways and can and can not be negotiable instruments depending on the mission and purpose of the documents.

From Roman Law in order for a contract to be valid and recognized by common law, it must include certain elements, among them the following:

Offer ( it can be oral and eventually must be made in writing, and the object and purpose must be legal ).

Acceptance ( the Party agreeing to the contract must have the legal capacity to accept the offer ).

Consideration ( as a result of the contract or agreement there must be an exchange of goods or services known as barter, or something of value in exchange ).

Intention to create legal relations ( there must be a good faith commitment between the Parties to enter into a legal relation between them ).

Authority ( the Parties must have the legal Authority and Standing to contract ).

and capacity, and certainty ( the Parties also must have the legal capacity to contract and certainty of what they are agreeing on ).

Without these elements, a contract is not legally binding and may not be enforced by the courts.

A contract can be a one page document as long as it is dated (start and finish ), signed by at least two Parties, the Parties must have the legal capacity to contract, have a specific legal purpose, and be made in good faith ).