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hi everybody welcome back and todays lecture uh were going to talk about contracts again i know you guys are all excited youre like woohoo contracts yeah all right then okay maybe youre not that excited about it but this is the second video in this series the first one was contract formation this one is about contracts um defenses non-parties and how to interpret a contract we discussed in the prior video the one called contract formation that in order to form a valid contract you needed three things remember the first thing that we needed was mutual assent of the parties the second thing that we needed was consideration and then the third thing we needed was the absence of defenses that means if you have to have a valid contract you cant have a defense floating around out there that one of the parties can say judge you cant enforce this because i have a defense if something like that is floating around in the contract a sphere um then you know that causes a problem that causes