Contract: Difference between revisions

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* [[Liquidated damages]]
* [[Liquidated damages]]
* [[Long term contracts]]
* [[Long term contracts]]
* [[Memorandum of understanding]]
* [[Minor]]
* [[Minor]]
* [[Misrepresentation]]
* [[Misrepresentation]]

Revision as of 22:23, 18 December 2020

Law.

A contract is a legally binding agreement between two parties.

Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements).


The fundamentals of contract law are similar throughout the countries of Europe, the US and many other jurisdictions.

However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for consideration.


See also