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elements of a contract

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Breach of Contract

Florida business litigation attorney Reed Bloodworth explains that breach of contract occurs when something very significant regarding the contract did not happen and was not performed by one of the parties. Start with the contract which must have an offer, acceptance and consideration. When one of these elements is not followed within the contract, there is a breach of contract.

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What is a Contract?

However there are certain elements to a contract in the eyes of the law. To be an actual binding contract you have to establish all these elements. So the elements of the contract:
1.) Offer: an offer to do something
2.) Acceptance of that offer
3.) Consideration. And people think, “well what’s the consideration?” Well consideration can really be anything.

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