In any area of relationships between people, you can find a document such as a contract. This is the name of the agreement of two or more persons regarding the establishment, termination or amendment of various civil rights and obligations. Simply put, a contract is a written transaction. Contract law can be safely called the most important area of jurisprudence, although there is no such industry as such - contract law, in fact, is one of the sub-sectors of civil law. The procedure for concluding, terminating and amending all kinds of contracts is governed precisely by contract law. According to this right, only the contract in which there are essential conditions can be considered valid. If you take the preparation of the contract lightly, it can turn into a real disaster for one of the parties or even for both.
In judicial practice, cases of recognition of a contract as invalid on the basis of the fact that the requirements of the existing legislation were not taken into account when preparing the document, the situation was not analyzed, or the will of the parties were not taken into account, were quite frequent. Contract law describes obligations, gives a general concept of what a transaction is. We need contract law in any field of activity - this branch of jurisprudence accompanies us in transactions, employment, cooperation with banks, rental housing ... As for business, it is simply impossible to imagine without using contract law. Any business based on professionalism, profitability and literacy implies a serious attitude to the signing of various kinds of contracts.
More information here - https://en.wikipedia.org/wiki/Contract
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