Contracts play a pivotal role in both personal and business dealings. When disputes arise, they can lead to civil litigation. Understanding the basics of contracts and how they intersect with litigation can help protect your rights and avoid legal pitfalls. Here's what you need to know. What Are Contracts? A contract is a legally binding agreement between two or more parties. It outlines the obligations, rights, and duties of each party, serving as a foundation for ensuring that promises are fulfilled. Contracts can be either verbal or written, but written contracts are generally more enforceable in court due to the clarity of the terms. Essential Elements of a Valid Contract For a contract to be legally valid, it must include: Offer : One party must offer something, such as goods, services, or a promise. Acceptance : The other party must accept the offer, creating an agreement. Consideration : Both parties must exchange something of value, whether money, services, or goods. Mutual...