February 5, 2010. To live within your means, you must know your net financial expenses. These are the monthly total of your fixed, variable and discretionary expenses. To calculate your net financial expenses, you need your total fixed monthly expenses and your average monthly variable expenses.
In sum, there are essentially six elements to a contract. For a contract to be considered valid, there must be an offer, acceptance by another party, an exchange of something of value or consideration, mutually agreed upon terms, both parties must be free of mental illness and the terms must not break any laws.
So unless each party signs it it's likely not valid. and either party can sue and recover from the other for failure to perfom as promised. A unilateral contract need not be signed by both parties, but only by the obligor, i.e., the one making the promise. Example âI promisee to pay $5000 to whoever captures Jesse James and puts him in jail. signed, John Doe.â This contract is valid and enforceable even though only one party signed it.