The next component to create a lawfully enforceable contract is agreement (Lambiris and Griffin 2017, 92). An agreement is made when two parties reach an understanding regarding a specific issue along with their commitments, rights, and obligations. Offer as well as acceptance must be satisfied before completing an agreement. An offer usually displays the readiness to contract. The offeror is known as the person who creates the offer, whereas offeree is the one who receives it.

First of all, the offer must be sufficiently complete. The parties involved must have a clear thought about the details before going in an acceptable and lawful contract. An agreement is “sufficient” once everything has been acknowledged. The parties must have come to an assertion on any matter that either party is determined that they are going to be obligated. It must be inferred that the judges will not incorporate terms to an insufficient accord so as to create it legal. An agreement is considered ‘complete’ once what has been acknowledging is definite and not obscure. In case if both parties did not reach an agreement within this setting, the courts would be incapable to maintain the assertion.