B if the parties have acted in accordance with an unsigned agreement, the court may consider the parties to be bound by an unsigned written agreement. A legally binding agreement is any contract with agreed terms that include acts that are necessary or prohibited. Traditionally, contracts deal with the supply of goods and services for payment, although they may also reflect situations of exchange of services or goods. Another important element of a binding agreement is that both parties intend that the agreement will have legal consequences. Each party to the contract must indicate that it acknowledges that it is legally bound to comply with the contract and that the agreement can be legally enforced. If the parties acknowledge that the agreement is legally binding, the contract is not obliged to expressly state this. On the other hand, if the parties do not want to be legally bound by the treaty, they must ensure that the treaty clearly expresses that wish. For a contract to be considered binding, it must contain the fundamental elements of a contract, including offer and acceptance, consideration, reciprocity or intent, legality and capacity. .