Contract Law
/ˈkɒntrækt lɔː/
Definitions
- (n.) The body of law governing agreements enforceable by courts.
Understanding contract law is essential for drafting binding agreements.
Related terms
See also
Commentary
Contract law principles often vary by jurisdiction but generally require offer, acceptance, consideration, and mutual intent to contract.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.