ELI5: Explain Like I'm 5

intention to be legally bound

Okay kiddo, let’s talk about intention to be legally bound. When you agree to do something with someone, like buy a toy from them or share your candy, you have to really mean it. That means you have to have the intention to keep your word and do what you said you would do.

Now, adults also make agreements with each other all the time, but they call them contracts. A contract is just a fancy way of saying an agreement that is written down and signed by both people. When adults make contracts, they also have to have the intention to be legally bound, which means they have to mean what they say and be willing to face consequences if they break their promise.

So, let’s say your mommy and daddy want to buy a house from someone. They will sign a contract with the person selling the house that says they will give them money in exchange for the house. That contract is legally binding, which means that if mommy and daddy don't pay the money, they could get in trouble with the law.

This is why it’s really important to always keep your promises and not make agreements lightly. So, if you say you will share your candy with a friend, make sure you really mean it!
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