idiolect. n. 1. (Linguistics) the variety or form of a language used by an individual. (ËÉªd i ÉËlÉkt). n.
A contract is valid only if it has all of five characteristics. A contract is a legally enforceable agreement between two or more parties. A contract is valid only if it has all of five characteristics. A contract is a legally enforceable agreement between two or more parties. It may be oral or written. A contract is essentially a set of promises. Typically, each party promises to do something for the other in exchange for a benefit. Required Characteristics. To constitute a legal contract, an agreement must have all of the following 5 characteristics: Legal purpose A contract must have a legal purpose to be enforceable. For example, Steve hires Paul to kill Susan. Steve drafts an agreement outlining Paul's responsibilities, namely to acquire a gun and shoot Susan in the head. The agreement also specifies the amount Steve will pay Paul once Susan is dead.
Definition. An agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, element of consideration can be satisfied by a valid substitute.