Define contract, discuss the conditions of a valid contract.

A contract is a legally binding agreement between two or more parties that creates mutual obligations enforceable by law. It is a foundational concept in the field of law and serves as a crucial mechanism for regulating transactions, protecting rights, and ensuring predictability in legal relationships. Contracts are governed by both substantive and procedural aspects of law, where the former defines the rights and duties of the parties, and the latter outlines the processes for enforcing these rights.

Conditions of a Valid Contract:
For a contract to be considered legally valid, it must satisfy several essential conditions, as outlined below:

1. Offer and Acceptance:
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