All business contracts must contain the essential elements of an agreement. The essential elements include consideration, offer and acceptance, a legal purpose, capable parties and mutual assent.

EXAMPLE PERSONAL LOAN AGREEMENT. This loan agreement is dated January 1, 2023. This is a personal loan agreement between: Ritchie Ma of 555 Biggs St., Markham, ON, X1Y 2Z3 (the Borrower) ...

Contract Law 101. A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following ...