Contracts often form the backbone of a successful business, and many people in Denver rely on contracts every day to keep their business viable. The exchange of money, goods and services sometimes requires some intense negotiations, but the end goal is to form a legally binding agreement.
It is important to understand what must be done to form a contract. To form a contract there needs to be an offer, consideration, acceptance and mutuality. Let us break down these topics, to better understand contract formation.