Basic Principles of Contract Drafting
|1.||Basic Attributes of the Contractual Relationship||4|
|2.||Promises, Conditions, Warranties||5|
|3.||Establishing Agreement, Rights and Obligations, Remedies||6|
|4.||Overview of Contract Standard Provisions||8|
|5.||Impracticality of Performance and Frustration of Purpose||9|
|6.||Risk Allocation in Contracts||10|
|List of terms||13|
|Glossary of contract terms||15|
Contract law seeks to respect free markets, regulate the freedom of powerful contractors, safeguard the rights of weaker parties, and affect social policy concerning matters of consumer protection, employee rights, and business ethics. The English and American legal systems developed a general doctrine of contract law through the analysis of court decisions, from which they extracted a set of coherent and well-defined rules, which were then used as a basis for constructing more abstract principles. These general principles formed a framework for organizing and linking the rules into a body of doctrine. Thus developed the classical theory of contract law, which stresses the facilitation of contractual relationships and favours an objective approach. More recently, contract law incorporates a broader context that considers not merely the applicable doctrine but also such other factors as economic, relational and ethical perspectives. Contract law has evolved to reflect a sophisticated mix of doctrine, policy and process.
Contract drafting is a complicated process where you must reflect all details that are necessary to establish the relationships between two parties. That’s why it asks so long and over minded work. It is important to draft not just a contract but also legal contract that is permitted by law.
The goal of the report is reached. This work can be useful not just for law students or jurists experts but for everyone who is interested in civil law and in basis of law science as well.
- Analysis of Article 38 of the International Court of Justice / Starptautiskās Tiesas 38. Reglamenta analīze
- Basic Principles of Contract Drafting
- The EU Constitution
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