Freedom from contract and limitation

1. The principle that the contracting parties may establish such stipulations, clauses, terms
and conditions as they may deem convenient, provided they are not contrary to law,
morals, good customs, public order or public policy.
Principle of liberty of contract.
2. The characteristic of a contract to the effect that a contract binds not only the contracting
parties, but also the heirs or assigns is called:
Relativity of contracts
3. The contract must bind both contracting parties, its validity or compliance cannot be left
to the will of one of them, and this is
Mutuality of contract
4. Contracting parties are free to enter into all kinds of pacts, terms or stipulations provided
they are not contrary to law, morals, good customs, public policy or public order. The
above is a description of the characteristic of a contract known as:
autonomy of contracts
5.