Elements of a Contract

Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

The Elements of a Contract are the aspects that make it legally binding and differentiated to a simple agreement or promise.

The elements change based on what part of the world you are in as they are dictated by local jurisdiction.

In the UK, elements of a contract are:

Offer and acceptance

Consideration

Intention to be legally bound

Contractual capacity

While in the US, awareness and legality are added to the list.

If a single element of a contract is missing, then the agreement is not legally binding and it cannot be enforced.

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