What are the key elements of a valid contract for sale of equipment to a call center?

What are the key elements of a valid contract for sale of equipment to a call center?
You have been assigned to a firm committee and the committee chairperson explains to you that the company has some excess computer equipment that it is going to sell to the call center. The equipment is used, and consists of five monitors, five printers, and five desktop computers. The call center company is going to pay your company $2,000.00 for the equipment in four monthly installments.

Your chairperson has asked you to draft a simple contract that incorporates these details. Moreover, as you are the newest member of the committee, the chairperson wants to evaluate your knowledge regarding contracts and asks you to draft a memorandum explaining why the contract you drafted (if it is accepted by the call center) is valid.

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