What is contract?

 contract is an  agreement, either or spoken, between two or more parties that creates a legal obligation. The terms of a contract are enforceable by law, with clearly defined penalties and remedies should the contract be breached.

Some Contract  elements :

1.offer and acceptance  

2.lawful  consideration  

3.intention  to create  legal relationship  

4.capacity  to contract 

5.free consent  

6.lawful  object

7.Certainty and possibility  of performance  

8.legal formalities