A break in the chain of these elements can lead to an unenforceable deal, but most of these items will be in place once there is a contract for signature, particularly if the elements are proved through the document.īefore entering an agreement for whatever is being exchanged – goods, property, cash and yes, even services – ensure all parties actually agree about what will take place. Texas law essentially says a contract exists if there is: an offer acceptance of that offer mutual consent to the terms of the contract confirmed by communication delivery of a contract and consideration (bargained for exchange of promises, payment, etc.). Even the simplest contract can lead to litigation. Professional help is a MUST when possible (particularly with out of state parties). Even if a contract has the required elements, it may not be enforceable for other reasons. While lengthy documents wrapped in jargon are the norm, a contract really relies on basic components.īefore we go further, this author insists on a hard limit: with entire tomes on contract law, this article is meant to provide BASIC information to consider in a pinch when drafting or reviewing an agreement (including the use of internet “forms”). The “50 Shades of Grey” movie is a good reminder that we’re sometimes faced with the need to negotiate a quick and dirty contract without a lawyer.Īlthough the movie’s characters, Christian and Anastasia, probably couldn’t get a judge to enforce the unusual agreement proposed, a simple contract can handcuff the respective parties.

Fifty shade of grey contract