Contract Law determines when promises are enforceable through a legal contract. The fundamental requirements for forming a binding legal contract are an offer, acceptance, and consideration. To be enforceable, a legal contract must be formed by competent parties, who give their consent, to a legal agreement. A party may be excused from performing under a legal contract by proving a defense contract breach. Such defenses include duress, fraud and misrepresentation, mistake, lack of consideration, and the statute of frauds. Please read on to find a contract lawyer, contract attorney, or to learn more about contract law. |
