When two parties come together to establish an agreement, it is necessary to define the terms and conditions of the partnership. This can be done in a verbal or written form, but it is recommended to have everything in writing to avoid misunderstandings or conflicts.

In the legal world, an agreement can be called a contract when a court can identify what is being offered, what is being accepted, and what each party is supposed to do to fulfill their obligations. In other words, a contract is a legally binding agreement that involves an exchange of goods, services, or money between two or more parties.

To be valid, a contract must contain certain elements that make it enforceable in court. These components typically include:

1. Offer and acceptance: The offer is made by one party and accepted by the other, which creates a mutual understanding of the terms and conditions of the contract.

2. Consideration: Both parties must exchange something of value, such as money, goods, or services, to make the contract legally binding.

3. Intent: Both parties must have the intention to enter into a legally binding agreement.

4. Legal capacity: Both parties must have the legal capacity to enter into the contract. This means they must be of legal age and be mentally competent.

5. Legality: The contract must be for a lawful purpose. It cannot involve illegal activities or go against public policy.

Additionally, a contract must be in writing if it involves the sale of real estate, a transaction worth more than a certain amount, or a contract that cannot be performed within one year. Generally, it is recommended to have all contracts in writing to avoid any misunderstandings or disputes.

In conclusion, an agreement can become a contract when all the necessary components are included, and the court can identify what is being offered, what is being accepted, and what each party is supposed to do to fulfill their obligations. As a professional, it is essential to ensure that all contracts are clear, concise, and free of any grammatical or spelling errors to avoid any misunderstandings or legal issues.