The other party`s compensation may include additional legal costs if the other party asserts its rights against you in court. Some contracts may allow you to terminate prematurely, with or without compensation, having to pay to the other party. You should seek legal advice if you want to insert an opt-out clause. Consideration: this is the value that one party gives to another party in exchange for the service or product. It can be money or some other type of performance. Without consideration, people usually don`t enter into a simple contract. . Contractual capacity: both parties should be able to give their consent, otherwise the contract is inconclusive. The parties must be at least 18 years old, have a healthy or stable mind, not be under the influence of drugs or alcohol and not be detained. For example, an adult cannot enter into a contract with a minor or a person cannot enter into an agreement with a person suffering from a mental illness or a dependent person. . . .

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