ABSTRACT
As a matter of law, a contract is nothing more than an agreement of two or more parties to engage in certain future acts. A contract is created when it can be determined that there has been a meeting of the minds. Normally a contract negotiation is, in law, broken down into two parts: the offer and the acceptance. The main point of the statute of frauds is that certain types of contracts must be in writing; failure to reduce them to writing makes them totally unenforceable. If a contract is going to be reduced to writing, it frequently contains a merger clause. A merger clause states that there are no things left out of the written agreement that are involved in the matter. A warranty is an assurance given by one party to another that certain things are true or will happen, and so on.
