Contractual Autonomy
/ˌkɒntrækʧuəl ɔːˈtɒnəmi/
Definitions
- (n.) The principle allowing parties to freely negotiate and determine the terms of their contract without external interference.
Contractual autonomy enables businesses to tailor agreements to their specific needs.
- (n.) The right of individuals or entities to enter into binding agreements on conditions they mutually agree upon, subject to legal limits.
The court upheld the parties' contractual autonomy despite claims of unfair terms.
Related terms
See also
Commentary
Contractual autonomy is fundamental but not absolute; it is constrained by mandatory laws and public policy.
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.