Valid Contracts Explained
A contract may be defined as an agreement between two or more parties that is binding in law. This means that the agreement generates rights and obligations that may be enforced in the courts. The normal method for enforcement is an action for damages for breach of contract, though in some cases the courts may compel performance by the party in default.
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“… my sons aged 8 and 10 recently searched for a missing dog after seeing a reward poster in our local village… after many hours they found the animal and returned it to its owner to claim their reward…they were told to return the following day… this has been going on for weeks now …I have a copy of the poster and it clearly stated a reward will be given…what can I do…”
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“…I run a small cleaning business employing 4 other staff… we have had the same arrangement with a office block for several years without any problems or complaints on either side… recently the manager of the building has asked me to enter into a contract [ for cleaning services] with the owners of the building… is this normal practice… what are the possible downsides…”
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“..is there such a thing as a oral contract and can it be enforced in the courts…”
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