Abstractive Theory of Contracts

The Abstractive Theory of Contracts suggests that once a contract is created, its validity and enforcement are independent of the underlying agreement’s specific content or purpose. Essentially, the contract stands as a separate, self-contained legal act. This means that even if the reasons or circumstances behind the contract change later, the contract itself remains valid and enforceable. The focus is on the formal creation of the agreement, rather than its underlying motives or relations, emphasizing that the contract's legal effect is autonomous from the underlying intent or consideration.