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A contractual agreement is a legally binding agreement between two parties. The contract's terms and conditions will require the parties to either do or refrain from doing specific actions.
Generally, to be legally valid, most contracts must contain two elements:All parties must agree about an offer made by one party and accepted by the other.Something of value must be exchanged for something else of value. This can include goods, cash, services, or a pledge to exchange these items.
A legally enforceable agreement between two (or more) parties, often an exchange of goods or services, is called a contract.
The simple answer is YES. You can write your own contracts. There is no requirement that they must be written by a lawyer. There is no requirement that they have to be a certain form or font.
A contract is a voluntary arrangement between two or more parties that is enforceable at law. It is a legally- binding agreement that obligates two or more parties to complete certain tasks. It creates rights and obligations to parties of the contract.