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For a contract to be considered valid, it must include three essential elements: offer, acceptance, and consideration.

An offer is a clear proposal presented by one party to another, indicating the willingness to enter into a contract under specific terms. This is the starting point of the contractual agreement, setting out what one party is willing to provide or perform.

Acceptance refers to the agreement of the second party to the terms proposed in the offer. This acceptance must be communicated clearly, indicating that the party agrees to the terms as stated, without any modifications or conditions. If the acceptance includes changes to the original offer, it constitutes a counter-offer rather than acceptance of the original terms.

Consideration is the exchange of value that binds the parties to the contract. It represents what each party stands to gain from the agreement. This could be in the form of money, services, goods, or a commitment to refrain from a particular action. Consideration is crucial because it legitimizes the contract; without it, there is no enforceable obligation.

The other options provided include elements that may relate to contract formation or process but do not encompass all three required components for a valid contract as per legal principles. Terms and acknowledgment, documentation, and negotiation might play roles in the