It is a legally binding agreement that obliges two or more parties to perform certain tasks. It establishes rights and obligations towards the parties. A contract is a promise or series of commitments between two or more parties that allow the courts to render a judgment. It is a law that deals with the conclusion and application of the treaty. Entering into a contract generally involves an offer, acceptance, consideration, guarantee, capacity, free consent and mutual consent of two or more persons to be bound. Contractual forms may be written, oral and by behaviour. Any agreement must contain the essential elements of a valid contract. The contract includes a valid offer from one party and a valid acceptance of the offer by the other party, as the sole conclusion of this contract. Agreements that contain essential elements of an existing contract are legally enforceable. In the Muluki Civil Code, 2074, the offer, acceptance, legal relationship, capacity of the parties, free consent, legitimate property, letter and registration, security, possibility of performance and not expressly declared as elements of a valid contract. In the modern era of legal development, contract law is important in all activities of human society. This is an inevitable object of economic or company law.
Contract law is considered an important element of economic law, since the transaction is carried out between two or more parties and the relationship between them is governed and regulated by the contract. Below are the possible answers to the crossword notice Formal agreement between two or more parties. a situation in which different people or groups struggle with the same problem, a fictitious contract drawn up by a court and to which a person is legally bound, as if there were a real contract. the situation, when people have the same opinion or have made the same decision about something, a situation where people, groups or countries unite or agree on something that people can agree on, especially if they do not agree on other things, the attitude of someone who accepts that something unpleasant must happen and that he cannot change the fact, that different ideas or systems may exist together Americans a situation where someone has exactly the same ideas or opinions as someone else, often without questioning those opinions or ideas. . . .