api: "YAML JSON TOON Database" version: 1.0.0 format: json dataset: slug: contract-formation-elements title: "Contract Formation Elements" description: "Essential elements required to form a valid contract." category: Law category_slug: law tags: "law,contracts,elements" view_count: 0 data [6]{element,description}: Offer,"A clear proposal made by one party to another." Acceptance,"Unqualified agreement to the terms of the offer." Consideration,"Something of value exchanged between parties." Intention,"Parties intend to create legal relations." Capacity,"Parties have legal ability to enter a contract." Legality,"The contract's purpose must be lawful."