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2010•Unpublished venueRequires access

LAW OF OBLIGATIONS – MAKING THE CONTRACT

Natalie Persadie, Rajendra Ramlogan

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Abstract

At the heart of any business agreement can be found the contract.1 Whether oral or written, it is the contract that regulates the transaction between the parties. Contracts identify the legal obligations of the parties involved and may often include clauses that allow for third-party resolution of differences of opinion and penalties for non-performance. In the business world contracts regulate employment, sale of goods, carriage, shipping, agency, provision of services, leases, guarantees and loans, among many other business relationships.

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What this paper is about

At the heart of any business agreement can be found the contract.1 Whether oral or written, it is the contract that regulates the transaction between the parties. Contracts identify the legal obligations of the parties involved and may often include clauses that allow for third-party resolution of differences of opinion and penalties for non-performance. In the business world contracts regulate employment, sale of goods, carriage, shipping, agency, provision of services, leases, guarantees and loans, among many other business relationships.

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Available abstract

At the heart of any business agreement can be found the contract.1 Whether oral or written, it is the contract that regulates the transaction between the parties. Contracts identify the legal obligations of the parties involved and may often include clauses that allow for third-party resolution of differences of opinion and penalties for non-performance. In the business world contracts regulate employment, sale of goods, carriage, shipping, agency, provision of services, leases, guarantees and loans, among many other business relationships.

Key concepts: Law, Law and economics, Business, Political science, Economics

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