The Four Principles of an Enforceable Contract I

The Four Principles of an Enforceable Contract I

Arun Singh

40 years - Corporate Lawyer

In this video, Arun introduces the main principles of an enforceable contract and looked at the first 2 principles: offer and acceptance. He also explains how an offer and acceptance go hand in hand. 

In this video, Arun introduces the main principles of an enforceable contract and looked at the first 2 principles: offer and acceptance. He also explains how an offer and acceptance go hand in hand. 

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The Four Principles of an Enforceable Contract I

10 mins 10 secs

Overview

For a contract to be enforceable, it needs to be binding. For a contract to be binding it needs to satisfy four principles, offer, acceptance, consideration, and the intention to create legal relations. Generally, the law believes that an agreement is made when one party makes an offer and the other party accepts it.

Key learning objectives:

  • Understand what makes a contract binding, and therefore enforceable

  • Outline the concepts of an ‘offer’ and ‘acceptance

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Expert
Arun Singh

Arun Singh

Arun Singh is a lawyer with over 35 years of experience and was a partner at PinsentMasons and KPMGLegal. He delivers public and in-house courses internationally to corporates, banks, sovereign wealth funds, government organisations and universities. He is the co-author of 'How to Lead Smart People', shortlisted for the Business Book Awards and The Chartered Institute of Management Book of the Year.

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