While Juzek`s entrepreneurial spirit is worth a separate article, I found it interesting to read, while researching Juzek`s story, that he was putting the labels back into his instruments. They contained its own name, but a completion date about five years before the actual date of finalization of the instrument. 4. Has the document been downgraded in order to meet (or avoid) compliance with the law or regulation? Whether or not there is an expiry date of the treaty, there are three elements that must be present for a contract to be legally binding: offer, acceptance and consideration. In most States, a party may submit a written or oral offer, with the exception of exceptions, including real estate agreements or agreements exceeding a period of twelve months. After one party has made an offer and the other party accepts the offer, it is called acceptance. If you want to be detailed as Amazon.com or how Netflix wants to stay general, it depends on the type of information you collect….