PRACTICE AREAS - CONTRACTS
Contracts
A contract is a legally binding exchange of promises or agreement between
parties.
Contract law is based on the Latin phrase pacta sund servanda (literally,
promises must be kept). Breach of a contract is recognized by the law and
remedies can be provided.
Almost everyone makes contracts everyday. Sometimes written contracts are
required, e.g., when buying a house. However the vast majority of contracts can
be and are made orally, like buying a law text book, or a coffee at a shop.
Contract law can be classified, as is habitual in civil law systems, as part of
a general law of obligations.
(Wikipedia)
This web site is designed for general information only. The information
presented at this site should not be construed to be formal legal advice nor the
formation of a lawyer / client relationship.
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