Contract Fraud

Contract fraud occurs when one party deceives another to gain an unfair advantage in a contractual agreement. This can involve misrepresentation of facts, forgery, or coercion to secure a contract that wouldn’t have been agreed upon otherwise. For example, if a company lies about the quality of a product to persuade someone to sign a contract, that’s fraudulent. The victim may suffer financial losses or be bound to unfavorable terms due to this deceit. Contract fraud undermines trust in business relations and can lead to legal consequences for the deceiving party.