Essential Contract Elements are the key components of any agreement or contract. They include the names and contact information of the parties involved, a description of the services to be provided or goods to be exchanged, and any terms and conditions relating to the contract. All these elements are necessary for an enforceable and legally-binding contract. Furthermore, properly written contracts should also include a governing law clause, payment information, confidentiality clauses, force majeure provisions, and termination instructions. Without these Essential Contract Elements in place, your agreement is unlikely to stand up in court. As such, it’s always important to understand what each element involves before signing off on any contract.