Five tips to ensure your contracts are legally enforceable

Sometimes a handshake is enough, but it is safer to get contracts confirmed in writing. (Image: Getty)

Wed, 17 Jan 2024

Contracts are the backbone of any business deal or transaction. A legally binding contract helps ensure that each party upholds their end of the bargain. If a party fails to fulfil their contractual obligations, you can initiate legal action to enforce the contract. However, to be enforceable, contracts must contain five key elements: a clear offer, acceptance, valid consideration, intent to form legal relations and certainty in terms. In New Zealand, contracts do not have to be in writing. Provided the key elements of a contract...

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