Category:Contract Law: Difference between revisions

From Riverview Legal Group
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*[[Construction of a Contract (General Principles)]]
*[[Construction of a Contract (General Principles)]]
*[[Privily of Contract]]
*[[Privily of Contract]]
*[[Buyer Representation Agreement (OREA)]]

Revision as of 03:46, 8 March 2020

Basic Concepts

A contract is a legally binding agreement which recognises and governs the rights and duties of the parties to the agreement.[1] A contract is legally enforceable because it meets the requirements and approval of the law. An agreement typically involves the exchange of goods, services, money, or promises of any of those. In the event of breach of contract, the law awards the injured party access to legal remedies such as damages and cancellation.[2]

General