Agreement - Combines an offer and an acceptance, Offer - An expression of willingness to contract on certain terms, Invitation to treat - A means to invite a party to make an offer, Termination - Discharge of the contract when both parties have performed their obligations, Acceptance of offer - All the terms of the contract without any further qualifications or conditions, Consideration - Some value of exchange which is not in the past, Intention - To create legal relations, Valid - A type of contract which is enforceable in the court of law, this is an agreement which has all essential features of this type of contract, Void - A contract that has no lawful impact “An agreement which is not enforceable by law.”, Voidable - The contract is enforceable at the time of formation. It can then become ? at a future date by one party or both if certain condition are realiseds,

Features of contracts

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