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The payment could be additionally conditioned on the dog being returned alive.
Those who learn of the reward are not required to search for the dog, but if someone finds the dog and delivers it, the promisor is required to pay.
These common contracts take place in the daily flow of commerce transactions, and in cases with sophisticated or expensive promises may involve extensive negotiation and various condition precedent requirements, which are requirements that must be met for the contract to be fulfilled.
Less common are unilateral contracts in which one party makes a promise, but the other side does not promise anything.
This is typically reached through offer and an acceptance which does not vary the offer's terms, which is known as the "mirror image rule".
An offer is a definite statement of the offeror's willingness to be bound should certain conditions be met.
At common law, the elements of a contract are offer, acceptance, intention to create legal relations, and consideration.
Not all agreements are necessarily contractual, as the parties generally must be deemed to have an intention to be legally bound.
Contract is a branch of the law of obligations in jurisdictions of the civil law tradition.In the similar case of advertisements of deals or bargains, a general rule is that these are not contractual offers but merely an "invitation to treat" (or bargain), but the applicability of this rule is disputed and contains various exceptions.In certain circumstances, an implied contract may be created.Formation of a contract generally requires an offer, acceptance, consideration, and a mutual intent to be bound.Each party to a contract must have capacity to enter the agreement.
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A gentlemen's agreement is one which is not intended to be legally enforceable, and which is "binding in honour only".