A contract is a legally binding agreement between parties. This legally binding agreement can be written or unwritten. We make agreements every day, but not all agreements are legally binding.

Once a legally binding offer is made by party A and accepted by party B, a legally binding agreement is formed.

Once a legally binding offer is made by party A and accepted by party B, a legally binding agreement is formed.

Acceptance is an unconditional agreement to an offer. The ordinary rule related to acceptance and communication is that acceptance is effective when it is communicated to the offeror.