The main components necessary for the agreement to be a legally enforceable contract are: mutual assent, expressed by a legitimate offer and acceptance; adequate consideration; capacity; and legality. In some states, a valid alternative can satisfy the requirements of consideration.
a proposal.
Acceptance,\consideration.
mutual obligation
capability and competence.
While an invitation to treat is not a necessary component of a contract, a legal contract requires that an offer be accepted. While an offer can be accepted, an invitation to treat is just a request for negotiations made by one side to the other.
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