What is contract law?

To explore this concept, consider the following contract law definition Noun The branch of civil law that deals with interpretation and enforcement of contracts between two or more parties. Contract law governs the legality of agreements made between two or more parties when there is an exchange of some sort intended to take place.

What is a legal agreement contract?

A contract must refrain from contravening public policy to be legitimate. The goal of the legal agreement contract cannot be against the law, immoral, or in the interest of society as a whole. A contract that entails breaking the law or employing unethical practices is void. 2. All Parties Are Able To Consent

What makes an agreement a contract?

For an agreement to be a contract, it must meet certain requirements. For an agreement to be considered a valid contract under contract law, it must consist of an offer, acceptance, consideration, and intent of both parties to create the contract. An offer is made when one person asks another person to enter into a contract.