For a contract to be valid in the state of Florida, three elements have to be present in the contract:
1). There must be a valid contract.
2). There must be a breach of that contract.
3). There must be material damages caused by that breach.
Further complicating contracts is the fact that a contract must contain four elements:
1). A mutual understanding of what is being undertaken by contract.
2). An offer.
3). Acceptance of the contract.
4). And consideration – a legal term describing something of value being given in exchange for some sort of performance outlined in the contract.