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In analyzing contract modifications under the pre-existing legal duty rule, it’s essential to understand the three core requirements of forming a traditional enforceable contract: offer, acceptance, and consideration. The video tutorial highlights the formation of a valid offer, its acceptance, and how consideration supports the agreement, detailing the step-by-step process. Once a valid contract is established, a key issue arises when the parties wish to modify the contract. This modification involves altering the existing terms of a traditional enforceable contract, necessitating an exploration of the implications and conditions under which such changes can be legally recognized.