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In this session, the tutorial discusses the essential elements needed for a legally enforceable contract. There are three key components: 1. **Offer and Acceptance**: An offer is made by the offeror, and it must be accepted by another party, establishing mutual assent or agreement between them. 2. **Exchange of Value**: There must be an exchange of consideration, meaning both parties receive something valuable in return for their agreement.3. **No Defenses**: For a contract to be enforceable in court, there must be no valid reasons to invalidate it; for example, the contract cannot pertain to illegal activities. These elements ensure the contract is legally sound and can be upheld in a court of law.
