What Makes a Contract Legally Binding | Lawyer Explains

What Makes a Contract Legally Binding

Malcolm Zoppi, a qualified business solicitor, explains what makes a contract legally binding.
UK contract law dictates what makes a contract valid.

The law of contracts is relevant for both consumers looking to learn about their rights and business owners looking to better understand business law. What makes a contract valid is based on contract law. Specific elements need to be present, such as the offer, acceptance, consideration, intention to create legal relations, and certainty of terms.

Overall, this video explains the contract law basics, offering you a strong foundation for when seeking practical business advice on your contracts.

📚 What you'll learn:
(1) What is a contract and whether a contract needs to be in writing (and under which circumstances it must be witnessed).
(2) The elements of a legally binding contract as part of our explanation of what makes a contract enforceable and the definition of each element.
(3) Under what circumstances is a contract not enforceable even if all elements of a valid contract are present.
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MESSAGE FROM MALCOLM ZOPPI:

"If you are looking for legal advice, I help UK SMEs with their corporate and commercial needs and I'd be more than happy to help.

My services include:
(1) anything to do with transferring, creating or buying back shares;
(2) amending articles of association;
(3) drafting and reviewing contracts and policies;
(4) conducting M&As; and
(5) registering trade marks.

Businesses choose me because of my:
(1) competitive, 100% fixed fees;
(2) max 7 days turnaround times; and
(3) max 24 hour response times.

Business trust me because:
(1) my firm has 70+ reviews, all being 5/5.
(2) I am a qualified, regulated solicitor; and
(3) I am experienced in what I do.

Contact Me Now For a FREE LEGAL ADVICE CALL:
WhatsApp: +44 7480 765182
Landline: 0330 133 3815
Email: [email protected]
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00:00 Introduction
00:18 The offer
01:58 Invitations to treat
02:56 The acceptance
05:13 The consideration
07:06 The intention
11:05 The certainty
13:25 Not enforceable?

This video is provided to you by Gaffney Zoppi. We are committed to offering you the best content that we can produce. Although, to satisfy the fast-paced YouTube demand and short watch-times, and due to the impossibility of fully understanding all of our viewers’ factual situations, the content should not be relied upon to make any decisions, take any actions or omit from acting (not an exhaustive list). This video and any of its content or related documents, including (this is not an exhaustive list) its speech, tags, linked documents, descriptions or titles (the Content) does not provide legal advice and should not be taken as such. The Content does not reflect all aspects of the law, for the purpose of brevity and simplification. The Content has been simplified and generalised by also omitting information, as to avoid lengthy and potentially boring videos. The Content may be out-dated and not suitable or relevant for all circumstances. Seek independent legal advice. Gaffney Zoppi is a trading name of GZ Legal Ltd, a limited company registered in Scotland with company number SC658895 and registered office address of 272 Bath Street, Glasgow G2 4JR, UK.