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What are the essential elements of a valid contract in Australia?

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Q

What must be present for a contract to be considered legally binding in Australia?

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2 answers from the community

A

The essential elements of a valid contract in Australia are offer, acceptance, intention to create legal relations, and consideration.

1 year ago

A

Both parties must also have the legal capacity to enter into the contract and the contract must be for a legal purpose.

1 year ago