Contractual Freedom

Contractual freedom refers to the principle that individuals and businesses can enter into agreements on their own terms, as long as the terms are legal and mutually accepted. This means people have the right to negotiate the content of contracts, including the obligations and any conditions. It promotes personal autonomy and the ability to tailor arrangements to fit specific needs. However, there are limitations; for example, contracts cannot include illegal activities or exploit vulnerable parties. Essentially, it empowers parties to create binding agreements while ensuring fairness and legality in the process.