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Contract Law – How to Create a Legally Binding Contract
" Mainly the contract includes the four components of an agreement. Essential components of an online contract are: 1) an offer of service, 2).acceptance of the offer, 3) consideration (which are the services or money you agree to provide) and 4) an intention to enter legal relations. Digital signatures, or even measures such as confirmation emails, provide sufficient evidence of an intention to enter into a contract. To Protect yourself by adding contingencies into your contract. Contingencies allow you to cancel a contract if certain conditions are not met. Depending on the type of legal agreements you decide to enter into online, contingencies can be vital to your financial well-being. For example, if you are selling or buying a vehicle, a contingency clause may be that the vehicle must pass a state inspection test before the transaction will be finalized. While contingency clauses may clarify expectations for both parties of a sale, beware of adding too many since they may overwhelm a buyer. "