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What are minimum requirements of any Contract?

Commerce Commercials Contracts
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Question added by Mohammed Amin Petiwala , Finance and Investment Advisor , Special Economic Zone Authority Duqm
Date Posted: 2016/03/14
Upvote (1) Views (8) Followers (10) Answers (8) Report Question
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Amin ALMASRI
by Amin ALMASRI , Procurement Manager , Dur Hospitality Co.

Parties, Scope of work, Prices, Duration, Payment terms.

Abdulaziz Alghamdi
by Abdulaziz Alghamdi , legal Consultant , Hisham Alshoibi Law Firm

Offer, Acceptance and Consideration

wkat Ali
by wkat Ali , Commercial Officer , Lynx Design Ltd.

Ans as below:

1.Parties

2. Purpose

3.Contract Price

4.Terms of Payment

5.Delivery Terms

6.Taxes

7.Packing details

8.Inspection of Products

9.Prohibition of Transfer of Products

10.Guarantee and Claim

11.Default

12.Termination

13.Notices

14.Language

15.Governing Law

16.Limitation of Seller's Liability

17.Entire Agreement and Amendment

18.Arbitration

19.Force Majeure

20. Severability

 

 

FAYAZ SHAKOOR
by FAYAZ SHAKOOR , Quantity surveyor civil , DAELIM INDUSTRIAL SEOL, KOREA

  1. Proposal or Scope of work
  2. Financing
  3. Subcontractors prequalifications
  4. Rates & payment terms
  5. Completion time
  6. Variations
  7. Liquidity damages

Deleted user

1. Parties

2. Offer and Acceptance

3. Consideration

4. lawful object

Rami Abbas
by Rami Abbas , Sales Manager , Al Houda Contracting and Real Estate Development

I agree with Mr.Amin answers. 

Deleted user

Offer , Aceptance and consideration .

 

Sevice Against Price  within certian terms and condition 

 

Mohammed Amin Petiwala
by Mohammed Amin Petiwala , Finance and Investment Advisor , Special Economic Zone Authority Duqm

Offer, Acceptance and Consideration- as posted by Mr Abdul Aziz is the answer which provides bare minimum requirement in any Contract without any of which the contract can not exist.

Thank you Abdul Aziz

 

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