A Guide to Contract Law
Contract Law is a law that is concerned with governing written and oral agreements which are associated with the exchange of goods and services, properties, and money. For making a contract enforceable there has to be an offer which specifies details to be provided, acceptance that is the agreement by the other party, consideration that is the exchange of money between the parties, capability of parties in terms of mental ability and age, promise between the two, and legally enforceable conditions and terms.
Contract Laws act as a protection tool in legal agreements. It creates a legal relationship and protects the rights, duties, and obligations of parties involved in the contract. It ensures that the parties understand the business agreements they are forming and are serious about their aims and actions. Non-disclosure of information and confidentiality are important aspects of a contract which ensure that the information is secured.
Topics Under Contract Law Course
Students can study the following topics on the subject:
- What is Contract?
- Parties to Contract
- Mutual Assent and Objective Standard in Contract Law
- Offer and Termination
- Unilateral and Bilateral Contracts
- Executed v/s Executory Contract
- Informal v/s Formal Contract
- Option Contract
- Rules of Consideration in Contract Law
- Express Contract
- Implied In-Law Contract
- Implied In-Fact Contract
Careers in working with Legal Contracts
- Legal Intern
- Legal Administrative Assistant
- Legal Counsel
- Contract Administrator
- Contract Specialist
- Contract Lawyer
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