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Contract Law The law of contract has been defined as an agreement between two parties with the intention of creating a legally binding relationship. A contract can be formed in one of the two ways: 1 - Speciality Contract - these formal contract are also known as deeds, these contracts have to be in writing and singed by both parties involved. 2 - Simple Contract - contract which are not deeds are known as simple contracts, this can take form in any way, such as - orally, in writing or they may be implied from conduct. For a contract to be valid, the following elements must be taken into consideration: 1- Offer + 2- Acceptance = Agreement (this is formed when one party accepts the offer of another) 3- Consideration 4- Intention to create legal relation 5- Capacity Offer An offer can be defined as a proposal made by the offeror to the offeree provided certain conditions are met, e.g....

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