Contracts: characteristics and exercises

This document discusses different types of legal texts and contracts. It provides details on the key elements of a contract, including offer, acceptance, consideration. Defenses to the formation of a contract are also outlined, such as illegality, fraud, duress, lack of capacity. Common contract clauses like acceleration, assignment, confidentiality and termination are defined. The main types of contracts like purchase/sale, lease, and employment are also summarized along with typical terms and how they can be terminated.