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Define Contract Law • Contract law is a private agreement of law between two parties for the enforcement of promises. • It is the most important law in the legal system. • Every business transaction is only considered legal when it fulfills the rule and regulation of the prevailing Contract law. • It is also referred as a legal bond that is used to protect two parties who are about to enter into an agreement. sales@no1assignmenthelp.com https://no1assignmenthelp.com/
Different Categories Of Contract Law • Bilateral Contract • Unilateral Contract • Express Contract • Contract under seal • Implied Contract • Aleatory Contract • Adhesion Contract • Executive Contract • Unconscionable Contract • Void and Voidable Contracts • Letter Contracts https://no1assignmenthelp.com/ sales@no1assignmenthelp.com
Points You Should Always Remember Before Writing Contract Law Case Study Assignment • Introduction Clauses • Defining the Parties and Key items • Statement’s of Purpose • Obligation of each Party • Assurances and Warranties • Attachments • Signature Block sales@no1assignmenthelp.com https://no1assignmenthelp.com/
The Process From Which A Contract Is Formed • Offer • Acceptance • Consideration • Intent sales@no1assignmenthelp.com https://no1assignmenthelp.com/
The Important Contract Components • Definitions • Materials/ Information • Liability/ Indemnity • Consideration/ payment option • Obligation of each party • Terms of validity • Governing law and arbitration • Parties • Purposes sales@no1assignmenthelp.com https://no1assignmenthelp.com/
The Importance Of Contract Law • It gives clear understanding of the condition when the parties are directly involved in an agreement. • It refers to all the terms and conditions and the applications and the rights of each party, which may vary based on the nature of the contract agreement. • It helps both parties to be mentally and logically sound and be competent when entering into contracts. • Business contracts should always have legal purpose for validation. https://no1assignmenthelp.com/ sales@no1assignmenthelp.com
Breach Of A Contract And Its Effects • Breaching of a contract occurs when one of the parties in the contact violates any clauses mentioned in the agreement. • It damages the reputation of the party, their business and also the person. • If the damages are caused due to a breach of contract, the other party can lead the business into a lawsuit. • If the court finds that the violation towards the contract is momentous then the court can hold the party contempt, fine and even imprison. sales@no1assignmenthelp.com https://no1assignmenthelp.com/
The Standard Formats Of Writing Contract Law Case Study Assignment • An extensive summary • Introduction/ Abstract • Discussion • Findings • Recommendations and implementations • References https://no1assignmenthelp.com/ sales@no1assignmenthelp.com
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