ContractApril 5th, 2007
FiledApril 5th, 2007Contract law is a form of private law between individuals and/or companies. It exists in order to provide certainty for parties when they enter into many kinds of agreements, arrangements or transactions with each other. Contracts give parties the opportunity to ask for the assistance of the courts if one party “breaches the contract” by not living up to its end of the bargain. This means, for example, that party A can sue party B if B does not fulfill its obligations under the contract.