A contract is a promise or set of promises that the law will enforce

 A contract is a legally enforceable agreement between two or more parties that creates mutual obligations.

In simple terms:
👉 A contract is a promise or set of promises that the law will enforce.

For something to be considered a valid contract, it usually needs these key elements:

✅ Offer — One party offers something (goods, services, money, etc.)
✅ Acceptance — The other party agrees to the offer
✅ Consideration — Something of value is exchanged (not always money; it can be a promise, service, or act)
✅ Intention to create legal relations — Both parties intend for the agreement to be legally binding
✅ Capacity — The parties must be legally capable (e.g., of sound mind, not minors)
✅ Legality — The purpose of the contract must be lawful