CONTRACTS. A contract is a: Promise or set of promises, And if someone breaches or breaks contract You can sue and the law may provide remedy Court wants to determine intent of parties . . THE ELEMENTS OF A CONTRACT?. 1. Offer 2. Acceptance 3. Consideration. Offeror & Offeree.
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2. Unilateral - Offeree can accept the offer only by completing the contract performance
Would a reasonable person in the Offeree’s position conclude an offer had been made.
Ben agreed to create a reality TV show for a production company. Ben and the production company agreed to split profits equally, however they never wrote down their agreement.
2. Contracts for Marriage
3. Contracts for sale of goods over $500
4. Land / Real Estate
Agreement may not be enforceable by Court
Sue for damages
ask court to force other party to complete contract.
Except for leases – Must have in contract that you will get attorney fees if the other person breaks or breaches the contract.