Contracts are widely used in commercial law, and for the most part form the legal foundation for transactions across … See more

Contracts have existed since antiquity, forming the basis of trade since the dawn of commerce and sedentism during the Neolithic Revolution. A notable early modern development in contract law was the emerge… See more

The rules governing contracts vary between jurisdictions. In the majority of English-speaking countries, the rules are derived from English contract law which emerged as a result of precedents established by various cou… See more

The primary factor distinguishing civil law and mixed law jurisdictions from their common law counterparts is the absence of the requirement of consideration and thus the absence of any legal distinction between co… See more

Notably, unlike common law jurisdictions, civil and mixed law jurisdictions do not require consideration for a contract to be binding. In systems based on the Napoleonic Code (including Québec and Saint Lucia whose … See more

There are various ways in which types of contract may be categorised.
Contract theory divides contracts into "complete" and "incomplete" contracts, reflecting whether or not the parties to a contract ar… See more