Making Contracts - Offer (lets learn law through examples)

#makingcontracts #offer
The first step in a contract is where we make plenty mistakes. Offer is not just an idea or a mere suggestion. It needs to be comprehensive and from the moment we make the offer we are legally bound to keep the offer on, at least until the other party responds.
Contract law must be the oldest of all the laws. Definitely the rules on making of contracts predate both the invention of mathematics and languages. What’s more, the way we make contracts is mostly similar, everywhere in the world.
First things first; we don’t need documents to make a valid contract. Most of the contracts, except for a few, can be done without paperwork. For example, we can be employees without a written contract of employment .So what are the contracts that need #documentaryevidence. ?
#Contractsforland
#Contractsforinsurance
#Contractsforhirepurchase/ #leasing
The first step on the way to a contract is the offer. The offer is a definite and a clear proposal to make a contract with another party. Offer needs to communicate. And it can be communicated either by #express or #implied manner. The offer is therefore a clear proposal to do a particular action with the other party. If the response by the other party is YES, then the #agreement between them is created.