Look at the definitions of the key elements you should include in any contract you develop. Label each one. 1. Both parties understand they're creating legal relations, and are going to abide by thecontract which is legally enforceable 2. One party makes an offer and the other accepts it 3. One party gives something (usually money) in exchange for something from the other party (usually a product or service). 4. Both parties are mentally capable of understanding a contract. 5. Both parties agree to the contract of their own free will. 6. All parts of the contract are legal