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The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting parties.”
This quote illustrates the basic criteria for a contract. A contract is a legally binding agreement between two or more parties, it can be written or oral. There is no mention of a written contract between TLC and Answer, therefore we must assume there is an oral contract. The classical approach to determining whether a contact has been created involves agreement, consideration and intention.
In order for an agreement to exist between parties there must be an offer that contains the terms of the contract...
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