Reference no: EM131206709
A valid contract has got four elements that is offer-this is when the seller agrees to make it public to the buyers.
Acceptance- this means that the offer must be accepted exactly as offered without conditions.
Legal consequences -contract requires that the parties intend to enter into a legally binding agreement. That is, the parties entering into the contract must intend to create legal relations
Consideration- consideration is what each party gives to the other as the agreed price for the others promises
A contract has got the following contents;
Names of the Parties -The employer's organization details and the employee's full name and address.
Start Date -This is important as it also includes a brief statement to say that employment with a previous employer
Job Title and Description -This usually follows the job title and description specified in any recruitment advertisement and subsequent offer letter.
Place of Work -Allows the employer to specify the location where the employee will work.
Salary-This details the employee's gross salary before tax, national insurance and any deductions.
A contract is considered valid when it has got face and content validity and content validity when the contract has all the contents and information needed.
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