What is the distinction between ESSENTIAL ELEMENTS and TERMS & CONDITIONS of a contract?

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Biswajit Nayak-PMP-RMP-ACP-PBA-LSSGB
24-August-2017

Contract Documentation Contract Litigation Contract Negotiation Contract Review Project Management

Question added by Hasanussaman Anamangadan , Tendering Executive , BA Holding WLL
Date Posted: 2015/06/23

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4 Answers

by Raphael Adeyemi , Executive Director - Contracts , Bethphage Integrated Project Services Limited

Four Essential Elements of a Contract

An agreement must contain four essential elements to be regarded as a contract. If any one of them is missing, the agreement will not be legally binding.

Offer, Acceptance, Intention to create legal obligations and consideration.

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by Ahmed Montasser Hasan Ibraheem Farag , Project Manager , Rawafed Tech

Thanks for invitation, and I am really sorry for my late, because I were had a lot of work.

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by Pratibha Kumbhat , Corporate Legal Counsel , Gulf Marketing Group

Offer, Acceptance to the offer, Consideration and legal obligation are essential elements of any contract, however terms and conditions may de different and vary for different contracts.

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by Hasanussaman Anamangadan , Tendering Executive , BA Holding WLL

The ESSENTIAL ELEMENTS are the features that give the contract its legal enforceability, while the TERMS & CONDITIONS are an inherent part of the contract.

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