What are the elements necesary to make a contract completely legal?

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What are the elements necesary to make a contract completely legal?

I am selling my trailer. I wanted to make a contract so that the buyer knows what is expected of him and what I need to do as well. I just wanted to make sure that the contract between us would be legal.

Asked on June 7, 2012 under Real Estate Law, Idaho

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

A valid contract should include the following essential terms:  identification of the parties to the agreement, subject matter (trailer), price, time for performance (payment by the buyer and delivery or transfer of the trailer by seller to buyer) and the contract should be signed by the parties (seller and buyer) and dated.


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