Six basic requirements that lead to the formation of a contract?

1. Offer: One party must make a clear and definite proposal to enter into a contract.

2. Acceptance: The other party must agree to the terms of the offer without any changes or modifications.

3. Consideration: Both parties must exchange something of value, such as money, goods, or services, as part of the contract.

4. Capacity: Both parties must have the legal capacity to enter into a contract, meaning they must be of sound mind and of legal age.

5. Intent: Both parties must have a genuine intention to create a legally binding agreement.

6. Legal purpose: The contract must be for a lawful purpose and not violate any laws or public policy.