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Valid Contract
An agreement between two or more parties that is enforceable by law and meets all the legal requirements.
Legality
The state or condition of being in accordance with the law; adherence to and conformity with legal statutes, rules, and standards.
Consideration
The benefit, interest, right, or value given to one party in exchange for some act or promise in a contract.
Intent to be Bound
A party's clear expression or indication through words or actions that they agree to be legally obligated by the terms of a contract or agreement.
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