Contract law binds the parties to it, that is, if one of the persons who have agreed to follow through on any of the terms of the contract breaks it or them, then they may be have a legal responsibility to compensate you or provide any other remedy for breaking the agreement. This post outlines some of the very basic characteristics of contract law.
Usually, contracts are in writing, however in jurisdictions they may also be deduced by the conduct of the parties, i.e. proving that the parties intended to be bound by by an agreement and the terms therein. Exceptions to this rule do exist and that is why lawyers exist. There are some basics of contract law in all jurisdictions, and these are.
Offer
Acceptance
Consideration
Mutual intent to enter into an agreement.
Contact law differs from one jurisdiction to another. So one contract may not be enforceable in another jurisdiction. In other words, there is usually a choice of law clause in the contract where one of the party writes which court should be addressed in case of breaching or not fulfilling the contract. There are other "terms" that make the contract valid as well and may make a contract enforceable, in other words you may be able to easily win a case in the even of a dispute where a contract is well written. It is best to consult a lawyer or legal consultant when drafting a contract.
If you need held drafting any contract then you may get in touch with LexGo who will tailor a contract based on your specific needs.
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