What are the elements of a contract?
The elements of a contract, there are three. First, you have to have a valid contract in place. That means one side has made an offer and the other side has accepted an offer. That could be in writing but it doesn’t necessarily have to be in writing. Many contracts can be verbal or oral.
The second element is that there’s been a breach. That means that one side or the other has violated the terms of whatever they agreed to.
The third element is damages. That means somebody has been harmed as a result of that breach. If all three elements are satisfied, that is valid contract, a breach and damages, then the victim may have a cause of action for breach of contract.
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