{"id":357982,"date":"2016-04-04T10:46:18","date_gmt":"2016-04-04T15:46:18","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/hirealawyer\/choosing-the-right-lawyer\/contracts-law.html"},"modified":"2023-09-19T14:21:14","modified_gmt":"2023-09-19T19:21:14","slug":"contracts-law","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/hirealawyer\/choosing-the-right-lawyer\/contracts-law.html","title":{"rendered":"What Is Contracts Law?"},"content":{"rendered":"\n
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What Is Contracts Law?<\/h1>\n\n
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\n By Susan Buckner, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n\n\n

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Contract law governs the creation, interpretation, and enforcement of agreements between two or more parties. It requires key elements\u2014like mutual assent, consideration, and legal capacity\u2014to ensure a contract is valid and enforceable.<\/p>\n<\/div>\n<\/div>\n\n <\/div>\n\n\n\n

Whether drafting an agreement or resolving a dispute, understanding contract law helps individuals and businesses protect their rights and avoid costly conflicts. All business operations require contracts. Employment contracts, operating agreements, and purchase orders are all necessary contracts.<\/p>\n

There are strict requirements on what you must include in a legal contract to avoid litigation or confusion. This is where an attorney’s help is especially valuable. A contracts lawyer<\/a> near you can ensure your contract is legally enforceable and includes all required terms. Keep reading to learn more about this area of law and how it impacts your business and everyday life.<\/p>\n

What Is a Contract?<\/h2>\n

A contract is an agreement between two parties who have agreed to carry out certain obligations to each other. Contracts may be\u00a0verbal or written<\/a>\u00a0and involve simple tasks or complex multinational trade mergers.<\/p>\n

All contracts, big or small, must contain key terms and elements<\/a> to be enforceable:<\/p>\n