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Contract is a an agreement that can be written or spoken. It is used by the employers to enforce some laws for the employees to project the organization against any possible unlawful activity. Contract law takes care of all the transactions, from buying a computer mouse to professional trading software. A contract is formed when a person offers, and another person accepts it by communicating their assent or performing the offer's terms.
Why do we need contract? What is the benefit of having contracts? Contract law informs both the parties about their rights and works best in the interest of both. Hence, it is considered to be a great tool that individuals, corporations can employ to counter against the unforeseen events of the future. If a party violates the contract, then an innocent party can recover the losses and damages by filing a case.
Contract Law topics are easy to understand, yet so difficult to apply. You might need help with contract law assignment for the complex cases that are open to your judgement. Professors expect a pragmatic solution to a case and grade accordingly. However, without any prior knowledge of such cases can lead to poor performance in examination and homework writing. If you need assignment help, do not hesitate to contact our tutors for Law Assignment Help.
Contract Formation: It comes into picture when two parties start a business or foundation together. To honor each other values and duties, contract formation takes place.
Offer and Acceptance: It is the binding contract in which one party offers and other party accepts the contract.
Intention to create legal intention: Not every contract can be enforced by court. For example, if you need to meet your friend at pub, it is not a legal duty, but a moral duty.
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