Contractual Fairness

Contractual fairness refers to the principle that agreements between parties should be reasonable and equitable, ensuring that both sides have a fair understanding and share of the benefits and responsibilities. It emphasizes that contracts should not exploit or disadvantage one party, often considering aspects like negotiation power, transparency, and mutual consent. Fairness in contracts promotes trust and cooperation, helping to prevent disputes and fostering a more balanced relationship between the involved parties. Ultimately, it aims to create relationships where obligations are clear and expectations are met, contributing to social and economic stability.