Final answer:
The three common problems associated with contracts are lack of clarity, which leads to interpretation disputes, inadequate consideration, which causes imbalance, and issues with mutual agreement, affecting the formation of a clear contract.
Step-by-step explanation:
Three problems commonly associated with contracts include lack of clarity, inadequate consideration, and mutual agreement. Lack of clarity can lead to disputes as parties interpret the language of the contract differently. Inadequate consideration refers to a contractual promise that is not supported by sufficient value, creating an imbalance between the parties. Problems with mutual agreement can occur when there is not a clear and unequivocal offer and acceptance between the entities intending to form a contract. Legal jargon itself may not inherently be a problem unless it contributes to the lack of clarity within the contract.