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The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, elements of consideration can be satisfied by a valid substitute.
In order to have a valid contract in North Carolina, there must be an offer, an acceptance, along with consideration.
There are seven essential elements an agreement must have to be considered a valid contract. The elements of a contract include identification, offer, acceptance, consideration, meeting of the minds, competency and capacity, and contract legality. Preferably, the document will be in writing (electronic or on paper).
For contract formation, the offer and acceptance are essential terms. The offer and acceptance form the agreement between the parties. The offer must be communicated, it must be complete and the offer must be accepted in its exact terms. Mutuality of agreement is a must.
There is no fee to register for eVP; however, there is a 1.75% transaction fee on applicable purchase orders issued through NC eProcurement for the sale of goods or materials. There is no transaction fee on the sale of services.
For e-contracts to be legally valid, they must comply with The Uniform Computer Information Transactions Act (UCITA). Moreover, an e-contract must have the basic requirements of a traditional contract?offer, acceptance, capacity, and consideration?to be enforceable.
New and existing peddlers, itinerant merchants, mobile food vendors, commercial solicitors, and massage businesses may submit the online business permit application, contact the City's Collections Division at 336-373-2501 or visit the office from 1-5 pm Mondays through Fridays in Room 11, UG Level, Melvin Municipal ...
The North Carolina electronic Vendor Portal (eVP) is the State of North Carolina's system to connect vendors with state government organizations that purchase goods and services.