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The law of contracts deals with promises between people and the circumstances in which they are binding. A contract is a legally enforceable set of promises. Generally, contracts may be created in writing or orally, or even simply by the conduct of the people involved.

In common law jurisdictions there are four key elements to the creation of a contract. Firstly, there must be an offer to contract on specified terms, made with the intention it will be binding upon acceptance. Secondly, there must be an unqualified acceptance of the terms of the offer, which must generally by communicated to the offeror. Thirdly, both parties must provide something of value - a promise cannot form an enforceable contract if the other party gives nothing for it. Fourthly, both parties must intend to create that the promises are to be legally binding.

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