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What are the 5 Principles of Contract Law?

There are 5 key principles of contract law that must be met in order for a contract to be valid and enforceable.<br>

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What are the 5 Principles of Contract Law?

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  1. WHAT ARE THE 5 PRINCIPLES OF CONTRACT LAW? One party must make a clear offer, and the other party must accept it. No contract or agreement without consideration Have intended the agreement to have legal consequences Have the necessary mental capacity to understand what they are doing. A party’s genuine consent is an essential element of a legally binding contract. Get to know more about this on www.aridalawyers.com

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