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In analyzing contract modifications under the pre-existing legal duty rule, it's essential to first understand the formation of a traditional enforceable contract, which requires three elements: offer, acceptance, and consideration. The video tutorial has thoroughly covered these components, explaining how a valid offer is created, accepted, and supported by consideration. With a traditional enforceable contract established, the focus shifts to what happens when parties wish to change or modify the contract after its formation. This scenario introduces the concept of contract modification, which requires careful analysis under the legal frameworks governing existing obligations.