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...Texas contract law guide to components offer acceptance consideration defenses legality of the capacity parties agency mistake duress and fraud statute frauds parol evidence rule termination damages money specific performance liquidated rescission mandatory arbitration forum selection a is legally binding agreement between do or not something businesses enter into contracts for many reasons including purchasing supplies insuring employers entering buy sell agreements businessperson should have good understanding therefore succeed in business as an initial matter there are several factors consider determine whether has been made once created it must be determined if any issues that call question its validity finally breach occurred this chapter summarizes elements who can on behalf company may affect recovering breached one always read understand document before signing enters with major implications he she consult attorney experienced subject three present exist first step written spok...