Yoga article: Should yoga teachers have employment contracts? If so, what constitutes a legally binding contract? What’s the best way to avoid mistakes and misunderstanding?
In negotiating contracts, it is important for both yoga teacher and studio to know when the exchange about hiring the teacher is just a conversation, and when it becomes legally binding. What makes an agreement legally binding? By law, a contract has three elements: offer, acceptance, and consideration—a legal term that means both sides must get something in exchange for what they give. An offer alone does not create a legally binding agreement; the offer must be accepted, and the deal must be supported by consideration.
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