• Acceptance: The act of agreeing to the terms of an offer, forming a legally binding contract.
• Breach of Contract: Failure by one party to fulfill their obligations as specified in the contract.
• Enforcement: The process of compelling a party to adhere to the terms of a contract, often through legal action.
• Negotiation: The process of discussing and attempting to reach an agreement on the terms of a contract.
• Rescission: The cancellation of a contract, returning the parties to their pre-contractual positions.
• Restitution: Restoring a party to their original position before the contract, often by returning any benefits unjustly received.
• Revocation: The withdrawal of an offer by the offeror before it has been accepted.
• Consideration: Something of value exchanged between parties to a contract, a necessary element for a contract to be valid.
• Offer: A proposal made by one party (the offeror) to another (the offeree), expressing a willingness to enter into a contract on specified terms.
• Offeror: A person who makes an offer.
• Offeree: The person to whom an offer is made.

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