Five tips to ensure your contracts are legally enforceable

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)
Georgina Toomey
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...

More Law & Regulation

SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
ComCom seeks more supermarket regulation
Retail

ComCom seeks more supermarket regulation

ComCom wants to ban supermarkets from charging suppliers for stacking shelves.

Gregor Thompson 05 Jun 2025
FNZ employee shareholders told success more likely
Finance

FNZ employee shareholders told success more likely

Account show loss at global fintech widens. 

Victoria Young 05 Jun 2025
ComCom seeks more supermarket regulation
Retail

ComCom seeks more supermarket regulation

ComCom wants to ban supermarkets from charging suppliers for stacking shelves.

Gregor Thompson 05 Jun 2025