Introduction A contract is an integral part of any serious case. Contracts may be both written or not. Of course, the written ones are considered more serious, while oral agreements do not have the same legitimate power. They are the legal agreements that aim to guarantee the equal rights of the parties involved. As Houg and Kühnel define it, “A contract is an exchange of promises that constitutes a legally binding agreement between two or more parties. The agreement is reached when an offer by one person (the offeror) to another (the offeree), that indicates the offeror’s willingness to enter into a contract on certain terms without further negotiations, is accepted by the offeree. The contracting parties can be individuals, groups, or organizations” (4). The content of the Contract differs depending on its purpose. Nevertheless, the structural components are usually standard. An agreement with the proper structure and content is a sign of professionalism. I am going to analyze a Contract between two medical institutions. For reasons of confidentiality, their titles will not be mentioned. The names “Hospital” and “Laboratory” will be used instead. Offer and Acceptance The Contract under analysis is a bilateral one. Its integral components are the intendance to create legal relations, offer, acceptance, and consideration (Houg and Kühnel 6). Let us concentrate on offer and acceptance, as they give the idea of what the agreement is about. Generally speaking, an offer is a promise of some actions in exchange for the actions of another party. It introduces the objectives of the contract parties, for the necessity of informing the other party of one’s intentions is evident. McKendrick interprets an offer as “a statement by one party of a willingness to enter into a contract on stated terms, provided that these terms are, in turn, accepted by the party or parties to whom the offer is addressed” (26). There are no restrictions on the form of an offer. It may be written, oral, or indicated by ones’ behavior. The offer and acceptance parts of this Agreement are stated in the section called “Recitals.” In the offer, the Laboratory indicates that it operates some clinical laboratories and can provide the testing of high quality. Thus, it suggests the services that can be transferred to another party according to the Contract on certain conditions. In acceptance, the Hospital agrees that it uses a clinical laboratory for the welfare of its patients. The peculiarities of taking the services are also outlined here. The Contract states that the Laboratory is used in case of necessity for a qualified diagnostic reference that cannot be performed in the Hospital’s laboratory. It means that a Laboratory has resources necessary for a Hospital. A Laboratory will let them be used by a Hospital on the cost established in Exhibit A. The subject of the Contract The subject of a Contract defines what is being transferred acceding to the agreement. The subject of this Contract is the laboratory services provided by a clinical Laboratory for the advantage of the Hospital patients. To identify the subject, the Contract uses the following instruments. First of all, it is the Agreeme