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This document outlines the key elements needed to create a valid contract: an agreement between two parties, consideration (exchange of value), legality of the agreement, and whether the agreement must be in writing. It discusses consideration and legality as two important factors when creating contracts.
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- 1. 1. Is there an agreement? 2. Is there consideration? 3. Is the agreement legal? 4. Must the deal be in writing? 3.3 Key Elements in Creating a Contract Creating Contracts: Consideration and Legality
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