Statements can be made before the drafting of the contract, there may be misunderstandings that undermine the legally binding nature of the treaty. Second, one of the parties could mislead its opponent (knowingly or not) with respect to a fact, the state of the situation or the length of the contract. Only what is proposed in the contract can be accepted. The terms of the proposal must be accepted exactly as proposed by the Treaty. If new conditions are proposed before an agreement, it is a counter-offer that can be accepted or rejected. This can happen several times before an agreement is reached and accepted. It doesn`t matter who makes the final offer itself; it is the adoption of the proposal that ends all negotiations by setting the terms of the contract. When developing a contract, the focus should be on formalizing the contract. In other words, if certain steps or rules are not followed, you may have a contract that is not legally binding. Agreements are generally established in such a way that the company operating the online auction site only presents sellers to potential buyers.
For a contract to be binding, it must be strengthened by a valuable consideration. This means that one party promises to do something in exchange for the other party`s promise to provide a value benefit (the consideration). The consideration is in fact a trust agreement between the parties as agreed price for the promises of the other parties. This is generally accepted in terms of monetary values, but this is not always the case; Everything can have value, including the promise to do nothing or to refrain from exercising a right. The general principle is that it is a legal contract, unless a law or a legal principle says that is not the case. Serif writing, wholesale names and thick cream paper were used for legal documents. There were good reasons. The use of a high-quality document helped preserve the evidence of the agreement during periods when documents were generally kept in damp cellars. Serif and majesty increase the document`s readability when printing was less demanding and inks could be erased or executed.
But they were not necessary at the time and still are not. They are often privileged because they give weight to the importance of the agreement for a party. The formation of a contract is not necessarily an intentional act. It can happen, even if you didn`t intend to enter into a contract. Online agreements must be legally binding in order to enforce rules, protect privacy, avoid liability and inform users of what you expect. Acceptance can be made in writing, orally or by a measure that clearly indicates acceptance (execution of the contract).