Contract Law Case Study Assignment

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Contract Law Case Study Assignment Help
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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.

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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

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Points You Should Always Remember Before Writing
Contract Law Case Study Assignment

• Introduction Clauses

• Defining the Parties and Key items

• Statements of Purpose

• Obligation of each Party

• Assurances and Warranties

• Attachments

• Signature Block

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The Process From Which A Contract Is Formed

• Offer

• Acceptance

• Consideration

• Intent

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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

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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.

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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.

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The Standard Formats Of Writing Contract Law Case
Study Assignment

• An extensive summary

• Introduction/ Abstract

• Discussion

• Findings

• Recommendations and implementations

• References

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