[Verse 1] Sarah clicks "accept" on the software deal Three elements spark, make the contract real Offer from the vendor, acceptance clear Consideration flows, legal gears appear But the fine print hides a liability trap Product leaders must decode the gap [Chorus] Formation needs three things to bind Offer, acceptance, consideration aligned Performance means deliver what you swore Breach breaks promises, opens legal war Contract fundamentals, memorize the core F-A-C and P-B, learn the legal score [Verse 2] Terms of service updates every quarter But did users consent to cross that border? Material changes need fresh agreement Silence isn't always acquiescence Your SaaS platform, your liability shield When integration partners break, who yields? [Chorus] Formation needs three things to bind Offer, acceptance, consideration aligned Performance means deliver what you swore Breach breaks promises, opens legal war Contract fundamentals, memorize the core F-A-C and P-B, learn the legal score [Bridge] Substantial performance saves the day When ninety percent meets the test they weigh But perfect tender rules apply to goods While services get judged by likelihood Anticipatory breach lets you escape Before the other party seals their fate [Verse 3] API downtime triggers SLA claims Force majeure clauses shift the blame games Liquidated damages cap your risk But penalties get struck with judicial flick Product roadmaps become contractual debt When promises exceed what teams can get [Chorus] Formation needs three things to bind Offer, acceptance, consideration aligned Performance means deliver what you swore Breach breaks promises, opens legal war Contract fundamentals, memorize the core F-A-C and P-B, learn the legal score [Outro] Every feature launch, every partnership signed Contract law principles intertwined Product leaders navigate the legal maze F-A-C and P-B guide your days
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