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A contract is defined as an agreement between two or more parties
and is binding by law. If a contract is broken it could result in
an action for damages for breach of contract.
There are two main types of contract; Contracts by deed and Simple
contracts. Contracts by deed must be set in writing, signed, witnessed
and delivered. In general, all other contracts can be classed as
simple contracts, whether written or verbal.
There are a number of elements to consider under contract law
such as offer and acceptance, the intention to be legally bound,
consideration, capacity and formalities, terms of the contract,
exclusion clauses, misrepresentation, duress and undue influence,
illegal and void contracts, privacy of contract and remedies.
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