Contract law?

What is a contract?

In the simplest definition, a promise enforceable by law. The promise may be to do something or
to refrain from doing something. The making of a contract requires the mutual assent of two or more
persons, one of them ordinarily making an offer and another accepting. 

Contract and contract law?

A contract is a promissory agreement, a set of promises, that people make to each other and that the
law recognizes and enforces. Contract law is the law of exchange, the legal rules that enforce agreements
to trade one thing for another.

Does a contract have to be in writing?

In a few situations, contracts must be in writing to be valid. State laws often require written contracts for
- Real estate transactions.

- Agreements that will last for more than one year.

You'll need to check your state's laws to determine exactly which contracts must be in writing. But
even if it's not legally required, it's always a good idea to put business agreements in writing, because
oral contracts can be difficult or impossible to prove.

Foundational principles of contract law :

In American contract law, we don't have much in the way of background principles about what the
content of a contract should be. Mostly the court is only in the business of enforcing the will of the
parties.