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[Music] hello im nadia macleod from rp emery legal kits and we help businesses to cut their legal costs with our online template kits it might surprise you to know that an agreement does not have to be in writing to be legally binding verbal conversations email exchanges or other correspondence can all amount to an enforceable contract if the following characteristics apply firstly you must make an offer and another person must accept it examples of this may include an offer for employment on certain terms or to sell a car at a set price secondly you must settle on all of the terms of the agreement in advance this will ensure the completeness of the contract in question thirdly you must intend to become legally bound by the agreement intention can typically be inferred by looking at the circumstances of the transaction as a whole fourthly you must be exchanging something of value in legal terms this is called consideration it is important to note that the exchange does not need to be