Contract Considerations

A contract is a legal agreement that contains three elements: offer and acceptance, time, and consideration — in the simplest terms, this means that it states what will be done, when it will be done, and how much will be paid. If any of these elements is missing, no contract exists. Contracts can be verbal, but it is much safer to put them in writing. You may need to make contracts with clients, freelancers, and various facilities.