A contract is a voluntary arrangement between two or more parties that is enforceable at law as a binding legal agreement.
Elements of contract law
Each contractual party must be a "competent person" having legal capacity. The parties may be natural persons ("individuals") or juristic persons ("corporations"). An agreement is formed when an "offer" is accepted. The parties must have an intention to be legally bound; and to be valid, the agreement must have both proper "form" and a lawful object. In England (and in jurisdictions using English contract principles), the parties must also exchange "consideration" to create a "mutuality of obligation," as in Simpkins v Pays.
A contract is often evidenced in writing or by deed, but a valid contract may (with some exceptions) be made orally or even by conduct. Remedies for breach of contract include "damages" (monetary compensation for loss) and, for serious breaches only, "repudiation" (i.e. cancellation). The equitable remedy of specific performance, enforceable through an injunction, may be available if damages are insufficient.
Let's talk about trading money for food, and how contract law forces me to keep my promises.
~
To check out all my videos, comics, and blog posts explaining law in simple terms, check out my website at https://whatislaweven.com ^^
~
The full series of introductory law videos!
Contract Law: [you are here!]
Tort Law: https://youtu.be/TFdprG8tXzY
Land Law: https://youtu.be/X14B37hYm1k
Company Law (1/3): https://youtu.be/CeuHIjsAN4Q
Company Law (2/3): https://youtu.be/YQ5jL1gJoNo
Company Law (3/3): https://youtu.be/4F80a5uXQSk
Trust Law: https://youtu.be/GmWa884bUBk
Criminal Law: https://youtu.be/YVGpOJaO5xo
Constitutional Law: https://youtu.be/RwgCFYF_4VU
published: 18 May 2020
What is a contract?
Professor Charles Fried introduces the basics of contracts.
From our free online course, “Contract Law: From Trust to Promise to Contract”: https://www.edx.org/course/contract-law-from-trust-to-promise-to-contract-0?utm_source=social&utm_medium=partner-marketing&utm_content=youtube-harvardx&utm_campaign=harvardx
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HarvardX empowers the faculty of Harvard University to create high-quality online courses in subjects ranging from computer science to history, education, and religion.
published: 19 Apr 2017
Contract | Official Trailer | Arifin Shuvoo | Chanchal Chowdhury | Premieres March 18 On ZEE5
এই গল্পের ভিলেন-ও সে, হিরো-ও সে! এতদিনের অপেক্ষা শেষ হলো আজ! Presenting the official trailer of #Contract. Premieres 18th March শুধুমাত্র ZEE5 এ
▶️ https://cutt.ly/ContractTrailer_YT
#ContractOnZEE5 #ArifinShuvoo #ChanchalChowdhury #KrishnenduChattopadhyay #TanimNoor #RafiathRashidMithila #ZakiaBariMamo #AishaKhan #ShamolMawla
Now watch what you like, in the language of your choice!
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published: 14 Mar 2021
Contract Law in Two Hours
This video races though an entire Australian undergraduate contract law course in the space of just two hours - from contract formation, through interpreting (construing) contracts, vitiation of contracts, termination of contract, and remedies.
Seriously - in two hours
If you found this video helpful, you could always buy me a coffee? Thanks so much! https://www.buymeacoffee.com/Anthslawschool
TIMESTAMPS
FORMATION:
Capacity to contract 0:04.00
Intention 0:07.30
Offer and Acceptance 0:09.00
Consideration 0:15.45
Certainty and Completeness 0:21.45
CONSTRUCTION:
Express terms 0:29.00
Incorporation 0:33.30
Exclusion clauses 0:36.30
Oral terms 0:40.30
Implied terms (business) 0:49.00
Implied terms (common law) 0:53.45
Implied terms (ACL) 0:55.30
VITIATION:
Mistake 1:00.30
Misrepresen...
published: 28 May 2018
Elements of a Contract
Brief video lecture by David Jaroszewski, Director of Paralegal Studies at Lee College, Baytown, Texas.
published: 14 Dec 2014
Boy Boy - Contract (Official Music Video) [Repost]
Stream 'Contract' here: https://BoyBoy.lnk.to/Contract
Listen to all Boy Boy songs on one playlist: https://boyboyofficial.com/music
Subscribe for the latest music videos, performances, and more from Boy Boy
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Follow Boy Boy:
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Produced by: Kelly Beatz | @kelly_beatz_major
Recorded by: Matalos | @_matalos_
Written & Performed by: Boy Boy | @boy_boy.official
Video Production
Director: @nevaun
Creative Director: @lasymba
Production Assistants: @goldenblicky | @kona_12 |...
published: 16 Feb 2023
I CAN GUARANTEE: Fabrizio Romano has fresh contract update for Liverpool fans
Check out our Liverpool T-Shirt Theme Collection; Special for Liverpool fans!
► https://woles.creator-spring.com
Liverpool's first defeat of the season has raised major concerns, but it's not just the loss that's worrying fans! Trent Alexander-Arnold's contract situation is heating up, with fresh reports from Fabrizio Romano suggesting that a new deal isn't finalized yet. Could Real Madrid really swoop in to take our Scouse star on a free transfer? 😨 We dive into the latest updates, what Fabrizio Romano had to say, and what this could mean for the future of Liverpool's golden trio—Trent, Virgil van Dijk, and Mo Salah.
Don't miss out on the latest news from Anfield! 🔥
Hashtags:
#LiverpoolFC #TrentAlexanderArnold #LFCTransferNews #FabrizioRomano #RealMadrid #LiverpoolContractTalks #YNWA ...
published: 20 Sep 2024
Alex de la Caracal - Contract pe viata 💖 Zeno Music Remix
Alex de la Caracal - Contract pe viata 💖 Zeno Music Remix
▶ Subscribe & turn on the 🔔 https://bit.ly/3daMzHg
▶ Download Extended: https://zenomusic.ro/product/alex-de-la-caracal-contract-pe-viata-zeno-music-remix-extended-version
Muzica si text: Zeno Music
Orchestratie: Zeno Music
Mix & Master: Alex Truta & Zeno Music
Video Edit: Zeno Music
✔️ Follow Zeno Music™
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Let's talk about trading money for food, and how contract law forces me to keep my promises.
~
To check out all my videos, comics, and blog posts explaining l...
Let's talk about trading money for food, and how contract law forces me to keep my promises.
~
To check out all my videos, comics, and blog posts explaining law in simple terms, check out my website at https://whatislaweven.com ^^
~
The full series of introductory law videos!
Contract Law: [you are here!]
Tort Law: https://youtu.be/TFdprG8tXzY
Land Law: https://youtu.be/X14B37hYm1k
Company Law (1/3): https://youtu.be/CeuHIjsAN4Q
Company Law (2/3): https://youtu.be/YQ5jL1gJoNo
Company Law (3/3): https://youtu.be/4F80a5uXQSk
Trust Law: https://youtu.be/GmWa884bUBk
Criminal Law: https://youtu.be/YVGpOJaO5xo
Constitutional Law: https://youtu.be/RwgCFYF_4VU
Let's talk about trading money for food, and how contract law forces me to keep my promises.
~
To check out all my videos, comics, and blog posts explaining law in simple terms, check out my website at https://whatislaweven.com ^^
~
The full series of introductory law videos!
Contract Law: [you are here!]
Tort Law: https://youtu.be/TFdprG8tXzY
Land Law: https://youtu.be/X14B37hYm1k
Company Law (1/3): https://youtu.be/CeuHIjsAN4Q
Company Law (2/3): https://youtu.be/YQ5jL1gJoNo
Company Law (3/3): https://youtu.be/4F80a5uXQSk
Trust Law: https://youtu.be/GmWa884bUBk
Criminal Law: https://youtu.be/YVGpOJaO5xo
Constitutional Law: https://youtu.be/RwgCFYF_4VU
Professor Charles Fried introduces the basics of contracts.
From our free online course, “Contract Law: From Trust to Promise to Contract”: https://www.edx.org...
Professor Charles Fried introduces the basics of contracts.
From our free online course, “Contract Law: From Trust to Promise to Contract”: https://www.edx.org/course/contract-law-from-trust-to-promise-to-contract-0?utm_source=social&utm_medium=partner-marketing&utm_content=youtube-harvardx&utm_campaign=harvardx
— Subscribe to our channel: https://www.youtube.com/channel/UCKJyv_uNh3LhYFKmwaB63bA?sub_confirmation=1
— Sign up for emails about new courses: https://harvardx.link/email
— HarvardX courses on edX: https://www.edx.org/school/harvardx
— Harvard University's online courses: https://online-learning.harvard.edu/
HarvardX empowers the faculty of Harvard University to create high-quality online courses in subjects ranging from computer science to history, education, and religion.
Professor Charles Fried introduces the basics of contracts.
From our free online course, “Contract Law: From Trust to Promise to Contract”: https://www.edx.org/course/contract-law-from-trust-to-promise-to-contract-0?utm_source=social&utm_medium=partner-marketing&utm_content=youtube-harvardx&utm_campaign=harvardx
— Subscribe to our channel: https://www.youtube.com/channel/UCKJyv_uNh3LhYFKmwaB63bA?sub_confirmation=1
— Sign up for emails about new courses: https://harvardx.link/email
— HarvardX courses on edX: https://www.edx.org/school/harvardx
— Harvard University's online courses: https://online-learning.harvard.edu/
HarvardX empowers the faculty of Harvard University to create high-quality online courses in subjects ranging from computer science to history, education, and religion.
এই গল্পের ভিলেন-ও সে, হিরো-ও সে! এতদিনের অপেক্ষা শেষ হলো আজ! Presenting the official trailer of #Contract. Premieres 18th March শুধুমাত্র ZEE5 এ
▶️ https://cu...
এই গল্পের ভিলেন-ও সে, হিরো-ও সে! এতদিনের অপেক্ষা শেষ হলো আজ! Presenting the official trailer of #Contract. Premieres 18th March শুধুমাত্র ZEE5 এ
▶️ https://cutt.ly/ContractTrailer_YT
#ContractOnZEE5 #ArifinShuvoo #ChanchalChowdhury #KrishnenduChattopadhyay #TanimNoor #RafiathRashidMithila #ZakiaBariMamo #AishaKhan #ShamolMawla
Now watch what you like, in the language of your choice!
► VISIT: http://bit.ly/ZEE5_COM_
• DOWNLOAD the App now ▼
• Playstore: https://play.google.com/store/apps/details?id=com.graymatrix.did
• iTunes: https://itunes.apple.com/in/app/ozee-tv-shows-movies-more/id743691886
Connect With Us On Social Media If You're From Bangladesh:
Facebook → https://www.facebook.com/ZEE5APAC
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Twitter → https://twitter.com/ZEE5BD
এই গল্পের ভিলেন-ও সে, হিরো-ও সে! এতদিনের অপেক্ষা শেষ হলো আজ! Presenting the official trailer of #Contract. Premieres 18th March শুধুমাত্র ZEE5 এ
▶️ https://cutt.ly/ContractTrailer_YT
#ContractOnZEE5 #ArifinShuvoo #ChanchalChowdhury #KrishnenduChattopadhyay #TanimNoor #RafiathRashidMithila #ZakiaBariMamo #AishaKhan #ShamolMawla
Now watch what you like, in the language of your choice!
► VISIT: http://bit.ly/ZEE5_COM_
• DOWNLOAD the App now ▼
• Playstore: https://play.google.com/store/apps/details?id=com.graymatrix.did
• iTunes: https://itunes.apple.com/in/app/ozee-tv-shows-movies-more/id743691886
Connect With Us On Social Media If You're From Bangladesh:
Facebook → https://www.facebook.com/ZEE5APAC
Instagram → https://www.instagram.com/zee5bd
Twitter → https://twitter.com/ZEE5BD
This video races though an entire Australian undergraduate contract law course in the space of just two hours - from contract formation, through interpreting (c...
This video races though an entire Australian undergraduate contract law course in the space of just two hours - from contract formation, through interpreting (construing) contracts, vitiation of contracts, termination of contract, and remedies.
Seriously - in two hours
If you found this video helpful, you could always buy me a coffee? Thanks so much! https://www.buymeacoffee.com/Anthslawschool
TIMESTAMPS
FORMATION:
Capacity to contract 0:04.00
Intention 0:07.30
Offer and Acceptance 0:09.00
Consideration 0:15.45
Certainty and Completeness 0:21.45
CONSTRUCTION:
Express terms 0:29.00
Incorporation 0:33.30
Exclusion clauses 0:36.30
Oral terms 0:40.30
Implied terms (business) 0:49.00
Implied terms (common law) 0:53.45
Implied terms (ACL) 0:55.30
VITIATION:
Mistake 1:00.30
Misrepresentation 1:08.30
Estoppel 1:14.00
Unconscionable dealing 1:17.45
Undue influence 1:20.00
Duress 1:23.00
Illegality 1:24.00
Restraint of trade 1:27.30
TERMINATION:
Performance 1:30.00
Agreement 1:30.30
Frustration 1:38.45
Breach 1:43.00
REMEDY:
Damages: 1:46.15
Contributory negligence 1:52.45
Equitable remedies 1:54.30
ACL remedies 1:58.15
This video races though an entire Australian undergraduate contract law course in the space of just two hours - from contract formation, through interpreting (construing) contracts, vitiation of contracts, termination of contract, and remedies.
Seriously - in two hours
If you found this video helpful, you could always buy me a coffee? Thanks so much! https://www.buymeacoffee.com/Anthslawschool
TIMESTAMPS
FORMATION:
Capacity to contract 0:04.00
Intention 0:07.30
Offer and Acceptance 0:09.00
Consideration 0:15.45
Certainty and Completeness 0:21.45
CONSTRUCTION:
Express terms 0:29.00
Incorporation 0:33.30
Exclusion clauses 0:36.30
Oral terms 0:40.30
Implied terms (business) 0:49.00
Implied terms (common law) 0:53.45
Implied terms (ACL) 0:55.30
VITIATION:
Mistake 1:00.30
Misrepresentation 1:08.30
Estoppel 1:14.00
Unconscionable dealing 1:17.45
Undue influence 1:20.00
Duress 1:23.00
Illegality 1:24.00
Restraint of trade 1:27.30
TERMINATION:
Performance 1:30.00
Agreement 1:30.30
Frustration 1:38.45
Breach 1:43.00
REMEDY:
Damages: 1:46.15
Contributory negligence 1:52.45
Equitable remedies 1:54.30
ACL remedies 1:58.15
Stream 'Contract' here: https://BoyBoy.lnk.to/Contract
Listen to all Boy Boy songs on one playlist: https://boyboyofficial.com/music
Subscribe for the latest m...
Stream 'Contract' here: https://BoyBoy.lnk.to/Contract
Listen to all Boy Boy songs on one playlist: https://boyboyofficial.com/music
Subscribe for the latest music videos, performances, and more from Boy Boy
https://boyboyofficial.com/youtube
Follow Boy Boy:
Official Website: https://boyboyofficial.com
Instagram: https://www.instagram.com/boyboyofficia1/
Facebook: https://www.facebook.com/boyboyofficia1
Twitter: https://twitter.com/boyboyofficia1
TikTok: https://www.tiktok.com/@boyboyofficia1
Snapchat: https://www.snapchat.com/add/boyboyofficia1
Produced by: Kelly Beatz | @kelly_beatz_major
Recorded by: Matalos | @_matalos_
Written & Performed by: Boy Boy | @boy_boy.official
Video Production
Director: @nevaun
Creative Director: @lasymba
Production Assistants: @goldenblicky | @kona_12 | @dsillyrabbit
Production Company: @prvsmmedia
#BoyBoy #Contract #Trinibad #Dancehall #23Formation
Stream 'Contract' here: https://BoyBoy.lnk.to/Contract
Listen to all Boy Boy songs on one playlist: https://boyboyofficial.com/music
Subscribe for the latest music videos, performances, and more from Boy Boy
https://boyboyofficial.com/youtube
Follow Boy Boy:
Official Website: https://boyboyofficial.com
Instagram: https://www.instagram.com/boyboyofficia1/
Facebook: https://www.facebook.com/boyboyofficia1
Twitter: https://twitter.com/boyboyofficia1
TikTok: https://www.tiktok.com/@boyboyofficia1
Snapchat: https://www.snapchat.com/add/boyboyofficia1
Produced by: Kelly Beatz | @kelly_beatz_major
Recorded by: Matalos | @_matalos_
Written & Performed by: Boy Boy | @boy_boy.official
Video Production
Director: @nevaun
Creative Director: @lasymba
Production Assistants: @goldenblicky | @kona_12 | @dsillyrabbit
Production Company: @prvsmmedia
#BoyBoy #Contract #Trinibad #Dancehall #23Formation
Check out our Liverpool T-Shirt Theme Collection; Special for Liverpool fans!
► https://woles.creator-spring.com
Liverpool's first defeat of the season has ra...
Check out our Liverpool T-Shirt Theme Collection; Special for Liverpool fans!
► https://woles.creator-spring.com
Liverpool's first defeat of the season has raised major concerns, but it's not just the loss that's worrying fans! Trent Alexander-Arnold's contract situation is heating up, with fresh reports from Fabrizio Romano suggesting that a new deal isn't finalized yet. Could Real Madrid really swoop in to take our Scouse star on a free transfer? 😨 We dive into the latest updates, what Fabrizio Romano had to say, and what this could mean for the future of Liverpool's golden trio—Trent, Virgil van Dijk, and Mo Salah.
Don't miss out on the latest news from Anfield! 🔥
Hashtags:
#LiverpoolFC #TrentAlexanderArnold #LFCTransferNews #FabrizioRomano #RealMadrid #LiverpoolContractTalks #YNWA #PremierLeague #Salah #VanDijk
#liverpoolnewstoday #liverpooltransfernews #liverpoolfc #liverpoolnewsupdate #liverpoolnews
Check out our Liverpool T-Shirt Theme Collection; Special for Liverpool fans!
► https://woles.creator-spring.com
Liverpool's first defeat of the season has raised major concerns, but it's not just the loss that's worrying fans! Trent Alexander-Arnold's contract situation is heating up, with fresh reports from Fabrizio Romano suggesting that a new deal isn't finalized yet. Could Real Madrid really swoop in to take our Scouse star on a free transfer? 😨 We dive into the latest updates, what Fabrizio Romano had to say, and what this could mean for the future of Liverpool's golden trio—Trent, Virgil van Dijk, and Mo Salah.
Don't miss out on the latest news from Anfield! 🔥
Hashtags:
#LiverpoolFC #TrentAlexanderArnold #LFCTransferNews #FabrizioRomano #RealMadrid #LiverpoolContractTalks #YNWA #PremierLeague #Salah #VanDijk
#liverpoolnewstoday #liverpooltransfernews #liverpoolfc #liverpoolnewsupdate #liverpoolnews
Alex de la Caracal - Contract pe viata 💖 Zeno Music Remix
▶ Subscribe & turn on the 🔔 https://bit.ly/3daMzHg
▶ Download Extended: https://zenomusic.ro/product...
Alex de la Caracal - Contract pe viata 💖 Zeno Music Remix
▶ Subscribe & turn on the 🔔 https://bit.ly/3daMzHg
▶ Download Extended: https://zenomusic.ro/product/alex-de-la-caracal-contract-pe-viata-zeno-music-remix-extended-version
Muzica si text: Zeno Music
Orchestratie: Zeno Music
Mix & Master: Alex Truta & Zeno Music
Video Edit: Zeno Music
✔️ Follow Zeno Music™
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▬▬▬▬▬▬▬▬▬
#ZenoMusic / #AlexdelaCaracal / #Remix
(C) & (P) 2022 Zeno Music
Toate drepturile sunt rezervate. Orice upload neautorizat al acestui videoclip este ilegal si poate fi raportat oricand la Youtube.
All rights reserved. Unauthorized reproduction is a violation of applicable laws. In order to avoid copyright infringement, please do not upload this video on your channel.
Alex de la Caracal - Contract pe viata 💖 Zeno Music Remix
▶ Subscribe & turn on the 🔔 https://bit.ly/3daMzHg
▶ Download Extended: https://zenomusic.ro/product/alex-de-la-caracal-contract-pe-viata-zeno-music-remix-extended-version
Muzica si text: Zeno Music
Orchestratie: Zeno Music
Mix & Master: Alex Truta & Zeno Music
Video Edit: Zeno Music
✔️ Follow Zeno Music™
➤ Spotify: https://open.spotify.com/artist/3jBVOnztEcrcdgxybmGRFj
➤ Website: http://zenomusic.ro
➤ Facebook: https://facebook.com/zenomusicro
➤ Instagram: https://instagram.com/zenomusicro
➤ SoundCloud: https://soundcloud.com/zenomusicro
➤ TikTok: https://tiktok.com/@zenomusicsound
✔️ Follow Alex de la Caracal:
➤ Instagram: https://instagram.com/alex_de_la_caracal
➤ YouTube: https://youtube.com/channel/UC6c7YNfbryokrfGfHE-D0ew
▬▬▬▬▬▬▬▬▬
#ZenoMusic / #AlexdelaCaracal / #Remix
(C) & (P) 2022 Zeno Music
Toate drepturile sunt rezervate. Orice upload neautorizat al acestui videoclip este ilegal si poate fi raportat oricand la Youtube.
All rights reserved. Unauthorized reproduction is a violation of applicable laws. In order to avoid copyright infringement, please do not upload this video on your channel.
Let's talk about trading money for food, and how contract law forces me to keep my promises.
~
To check out all my videos, comics, and blog posts explaining law in simple terms, check out my website at https://whatislaweven.com ^^
~
The full series of introductory law videos!
Contract Law: [you are here!]
Tort Law: https://youtu.be/TFdprG8tXzY
Land Law: https://youtu.be/X14B37hYm1k
Company Law (1/3): https://youtu.be/CeuHIjsAN4Q
Company Law (2/3): https://youtu.be/YQ5jL1gJoNo
Company Law (3/3): https://youtu.be/4F80a5uXQSk
Trust Law: https://youtu.be/GmWa884bUBk
Criminal Law: https://youtu.be/YVGpOJaO5xo
Constitutional Law: https://youtu.be/RwgCFYF_4VU
Professor Charles Fried introduces the basics of contracts.
From our free online course, “Contract Law: From Trust to Promise to Contract”: https://www.edx.org/course/contract-law-from-trust-to-promise-to-contract-0?utm_source=social&utm_medium=partner-marketing&utm_content=youtube-harvardx&utm_campaign=harvardx
— Subscribe to our channel: https://www.youtube.com/channel/UCKJyv_uNh3LhYFKmwaB63bA?sub_confirmation=1
— Sign up for emails about new courses: https://harvardx.link/email
— HarvardX courses on edX: https://www.edx.org/school/harvardx
— Harvard University's online courses: https://online-learning.harvard.edu/
HarvardX empowers the faculty of Harvard University to create high-quality online courses in subjects ranging from computer science to history, education, and religion.
এই গল্পের ভিলেন-ও সে, হিরো-ও সে! এতদিনের অপেক্ষা শেষ হলো আজ! Presenting the official trailer of #Contract. Premieres 18th March শুধুমাত্র ZEE5 এ
▶️ https://cutt.ly/ContractTrailer_YT
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This video races though an entire Australian undergraduate contract law course in the space of just two hours - from contract formation, through interpreting (construing) contracts, vitiation of contracts, termination of contract, and remedies.
Seriously - in two hours
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TIMESTAMPS
FORMATION:
Capacity to contract 0:04.00
Intention 0:07.30
Offer and Acceptance 0:09.00
Consideration 0:15.45
Certainty and Completeness 0:21.45
CONSTRUCTION:
Express terms 0:29.00
Incorporation 0:33.30
Exclusion clauses 0:36.30
Oral terms 0:40.30
Implied terms (business) 0:49.00
Implied terms (common law) 0:53.45
Implied terms (ACL) 0:55.30
VITIATION:
Mistake 1:00.30
Misrepresentation 1:08.30
Estoppel 1:14.00
Unconscionable dealing 1:17.45
Undue influence 1:20.00
Duress 1:23.00
Illegality 1:24.00
Restraint of trade 1:27.30
TERMINATION:
Performance 1:30.00
Agreement 1:30.30
Frustration 1:38.45
Breach 1:43.00
REMEDY:
Damages: 1:46.15
Contributory negligence 1:52.45
Equitable remedies 1:54.30
ACL remedies 1:58.15
Stream 'Contract' here: https://BoyBoy.lnk.to/Contract
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Produced by: Kelly Beatz | @kelly_beatz_major
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Liverpool's first defeat of the season has raised major concerns, but it's not just the loss that's worrying fans! Trent Alexander-Arnold's contract situation is heating up, with fresh reports from Fabrizio Romano suggesting that a new deal isn't finalized yet. Could Real Madrid really swoop in to take our Scouse star on a free transfer? 😨 We dive into the latest updates, what Fabrizio Romano had to say, and what this could mean for the future of Liverpool's golden trio—Trent, Virgil van Dijk, and Mo Salah.
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Alex de la Caracal - Contract pe viata 💖 Zeno Music Remix
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A contract is a voluntary arrangement between two or more parties that is enforceable at law as a binding legal agreement.
Elements of contract law
Each contractual party must be a "competent person" having legal capacity. The parties may be natural persons ("individuals") or juristic persons ("corporations"). An agreement is formed when an "offer" is accepted. The parties must have an intention to be legally bound; and to be valid, the agreement must have both proper "form" and a lawful object. In England (and in jurisdictions using English contract principles), the parties must also exchange "consideration" to create a "mutuality of obligation," as in Simpkins v Pays.
A contract is often evidenced in writing or by deed, but a valid contract may (with some exceptions) be made orally or even by conduct. Remedies for breach of contract include "damages" (monetary compensation for loss) and, for serious breaches only, "repudiation" (i.e. cancellation). The equitable remedy of specific performance, enforceable through an injunction, may be available if damages are insufficient.
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