Written Contracts

Written contracts are formal agreements documented on paper that clearly outline the terms and conditions between parties. They specify what each party is obligated to do, the rights they have, and any consequences for failing to meet these obligations. Written contracts help prevent misunderstandings by providing a clear record of the agreement. To be enforceable, they generally need to include key elements such as an offer, acceptance, and consideration (something of value exchanged). If disputes arise, a written contract serves as a critical reference point for legal resolution.