Your local Solicitors in Lancaster, MG Legal, advise that when two parties enter into a contract, whether orally or in writing, there are certain criteria that must be met to ensure that the contract is valid, and therefore legally enforceable. The conditions are as follows:-
1 There must be an offer made;
2 The offer must be accepted;
3 There must be sufficient consideration passing between the parties;
4 Both parties must have mental capacity;
5 There must be an intention to create legal relations.
Now, whilst a few of the points may seem obvious, Solicitors in Lancaster explain that it can be easy to fail to meet all the conditions.