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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.

No. There are no legal restrictions on hiding significant terms of a contract in the fine print. Someone who signs a contract is expected to read the entire contract. Similarly, there are no legal restrictions on disguising significant terms of a contract with legal jargon.

Contracts that cannot be performed within one year must be in writing. However, any contract with an indefinite duration does not need to be in writing. Regardless of how long it takes to perform the duties of the contract, if it has an indefinite duration, it does not fall under the Statue of Frauds.

No. There are no legal restrictions on hiding significant terms of a contract in the fine print. Someone who signs a contract is expected to read the entire contract. Similarly, there are no legal restrictions on disguising significant terms of a contract with legal jargon.

What makes a contract unenforceable is when one party doesn't understand the terms or how they will be bound by it. Lack of capacity commonly applies to minors (children under the age of 18), mentally ill individuals or people under the influence of drugs or alcohol.

It has the same legal force as an express contract, which is a contract that is voluntarily entered into and agreed on verbally or in writing by two or more parties. The implied contract, on the other hand, is assumed to exist, but no written or verbal confirmation is necessary.

Contract, in the simplest definition, a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting.