Contract law is the field of the law of obligations concerned with contracts, agreements that specify legally enforceable rights and obligations for two or more parties, and it rests on the principle that agreements must be honoured. The cited article explains that in the event of breach the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission. It reports that common law jurisdictions typically require consideration for a contract to be valid, whereas civil law and most mixed jurisdictions require only a meeting of the minds, and it contrasts contract law with tort law, the other major area of the law of obligations. Doctrines grouped under this entry concern the making, content and enforcement of agreements.
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Source Contract (Wikipedia)
Source Contract (Wikipedia)
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Contract (Wikipedia)
Wikipedia, lead sectionQuote, Wikipedia, lead section
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.
Contract (Wikipedia)
WikipediaIn Legal System: Common Law, Article text
contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine elements of both common and civil law.
In Legal System: Civil Law, Article text
contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine elements of both common and civil law.
In Group: Contract Terms, Privity and Good Faith Doctrines, Introduction, sentence 1
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.
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