Can You Enter a Binding Agreement Without Putting It in Writing? Under the laws of New Jersey, there are five requirements for a binding and enforceable contract: An agreement by at least two parties—In legal terms, there must be an offer and … [Read more...]
Are Oral Contracts Valid and Enforceable?
Does a Legal Agreement Need to Be in Writing? In an earlier blog, we discussed the basic requirements of a valid and enforceable contract: There must be an offer and an acceptance, known legally as an agreement. There must be consideration, … [Read more...]
What Are the Fundamental Requirements to Create a Contract?
What Constitutes a Valid Offer to Enter into a Contract? There's a common misperception that, in order to be binding, a contract must be in writing. In fact, many types of oral agreements are fully enforceable in a court of law, but that's a topic … [Read more...]
Understanding Wrongful Discharge
When Is Termination of Employment Illegal? Your job is one of the most important parts of your life. It brings self-esteem and provides you with the resources to take of yourself and your loved ones. Few things can be more devastating than getting … [Read more...]
Common Defenses to the Enforceability of a Contract
In an earlier blog, we identified the specific elements of a valid and enforceable contract: An agreement Supported by consideration Voluntarily entered into By persons with contractual capacity With a subject matter that is … [Read more...]
The Requirements for a Valid and Enforceable Contract
Most of us enter into some type of contract almost every day…most are oral agreements based on performance. But there are specific requirements for any contract to be enforceable in a court of law. There Must Be a Bargain A valid contract … [Read more...]
