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in this lesson we are going to focus on a number of formative requirements that must be fulfilled in order to consider a contract as complete now in essence when you have an offer and an acceptance collectively called an agreement in place and it has been enforced by some form of consideration generally it is considered that a contract may be in place however there are certain other requirements that we must look at and this may include the terms that have been agreed upon and whether there have been some form of misrepresentation that took place before or prior to the contract being entered into but having said that this particular lesson will focus on three main criteria that we must consider soon after a contract has been established or purported to be established it is important to note at the outset that most contractual relationships if not all of them including whatever studied within the purview of any LLB program or this summary itself relates to commercial ventures or commer
