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A contract is an oral or written agreement to do or not to do something. The four essentials of a valid contract are capable parties, lawful object, consideration, and offer and acceptance. Capable parties must have legal capacity, typically meaning they are at least 18 and of sound mind. Competent parties include those authorized to contract for a corporation, with power of attorney, a guardian, or an emancipated minor. Emancipated minors are under 18 and free from their parents' control. The contract must be for a legal purpose, such as not a contract to kill as seen in movies.