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"related-to", "type": "clause", "offset": [176, 186]}, {"key": "the-terms", "type": "clause", "offset": [187, 196]}, {"key": "the-contract", "type": "definition", "offset": [254, 266]}, {"key": "for-\u2587", "type": "clause", "offset": [273, 278]}, {"key": "to-construct", "type": "definition", "offset": [282, 294]}, {"key": "to-pay", "type": "clause", "offset": [343, 349]}, {"key": "in-return", "type": "clause", "offset": [364, 373]}, {"key": "by-the-parties", "type": "clause", "offset": [434, 448]}, {"key": "obligation-to", "type": "clause", "offset": [511, 524]}, {"key": "in-exchange", "type": "clause", "offset": [529, 540]}], "snippet": "To have a valid and enforceable contract there needs to be (1) an offer, (2) acceptance, and (3) consideration. Here, the facts indicate that \u2587\u2587\u2587 and \u2587\u2587\u2587\u2587 reached an agreement related to the terms. Thus, the first two elements are present. Additionally, the contract calls for \u2587\u2587\u2587\u2587 to construct a residence to \u2587\u2587\u2587\u2019s specifications and for Ben to pay \u2587\u2587\u2587\u2587 $200,000 in return. Thus, there is a bargained-for exchange of legal detriment by the parties because they are both doing something that they have no legal obligation to do, in exchange for a benefit.", "size": 2, "samples": [{"hash": "9FPcszrKN19", "uri": "/contracts/9FPcszrKN19#valid-contract", "label": "Construction Contract", "score": 27.6528186798, "published": true}, {"hash": "5OIYC8ZpUfy", "uri": "/contracts/5OIYC8ZpUfy#valid-contract", "label": "Construction Contract", "score": 25.9337520599, "published": true}], "hash": "296c9b3b57650e50ad1284f5859a43eb", "id": 6}, {"snippet_links": [{"key": "the-condition", "type": "clause", "offset": [7, 20]}, {"key": "in-writing", "type": "clause", "offset": [90, 100]}], "snippet": "If all the condition are fulfilled it is called as a valid contract. contracts are either in writing or in oral. Implied contract - When contracts are neither in writing nor in oral but inferred from the acts or circumstances of a particular case.", "size": 2, "samples": [{"hash": "60lcDEt4hHj", "uri": "/contracts/60lcDEt4hHj#valid-contract", "label": "Contract", "score": 25.2710475922, "published": true}], "hash": "d8289dcb2db7682f9aa45df0ff1bd58e", "id": 9}, {"snippet_links": [{"key": "an-agreement", "type": "clause", "offset": [0, 12]}, {"key": "essential-elements", "type": "definition", "offset": [31, 49]}, {"key": "void-contract", "type": "clause", "offset": [138, 151]}, {"key": "not-enforceable", "type": "clause", "offset": [181, 196]}, {"key": "entered-into", "type": "clause", "offset": [321, 333]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [351, 373]}], "snippet": "An agreement which has all the essential elements of a contract is called a valid contract. A valid contract can be enforced by law. (ii) Void contract [Section 2(j)]: An agreement not enforceable by law is said to be void . A void contract is a contract which ceases to be enforceable by law. A contract when originally entered into may be valid and binding on the parties. It may subsequently become void.", "size": 1, "samples": [{"hash": "gAuHURARd9B", "uri": "/contracts/gAuHURARd9B#valid-contract", "label": "Void and Voidable Agreement", "score": 27.658449173, "published": true}], "hash": "8d9204bc4dc0a4424e6d9d19a78488c0", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihd2YWxpZC1jb250cmFjdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Valid Contract", "size": 49, "parents": [["definitions", "Definitions"], ["consultant-representations", "CONSULTANT REPRESENTATIONS"], ["definitions-and-rules-of-interpretation", "Definitions and Rules of Interpretation"], ["additional-consultant-responsibilities-and-representations", "ADDITIONAL CONSULTANT RESPONSIBILITIES AND REPRESENTATIONS"], ["definitions-calculation-guidelines", "Definitions Calculation Guidelines"]], "children": [], "id": "valid-contract", "related": [["customer-contracts", "Customer Contracts", "Customer Contracts"], ["negotiated-contract", "Negotiated Contract", "Negotiated Contract"], ["valid-agreement", "Valid Agreement", "Valid Agreement"], ["major-contracts", "Major Contracts", "Major Contracts"], ["no-implied-contract", "No Implied Contract", "No Implied Contract"]], "related_snippets": [], "updated": "2025-07-10T04:27:38+00:00", "also_ask": [], "drafting_tip": "Specify essential elements (offer, acceptance, consideration) to ensure enforceability; clarify parties' identities to avoid ambiguity; state governing law to provide legal certainty.", "explanation": "A Valid Contract clause defines the essential requirements that must be met for an agreement to be legally enforceable. Typically, this includes mutual consent, lawful consideration, capacity of the parties, and a lawful object. For example, both parties must agree to the terms, exchange something of value, and have the legal ability to enter into the contract. The core function of this clause is to ensure that the contract is recognized by law and can be upheld in court, thereby preventing disputes over the enforceability of the agreement."}, "json": true, "cursor": ""}}