California business owners may be interested in a refresher of some contract law basics. Failing to meet certain requirements when signing contracts could lead to them being found unenforceable. For business owners and entrepreneurs, signing business contracts can be a daily occurrence. Contract disputes can arise when the other party fails to hold up their end of the bargain. In those cases, it can be helpful to go back to basics and understand what makes a contract valid under the law. In order for a contract to be binding and enforceable on the parties, certain elements must be contained therein.