Freedom of Contract

Freedom of contract is the principle that individuals and businesses have the right to freely negotiate and enter into agreements without interference. This means that parties can choose the terms of their contracts as long as they comply with the law and public policy. It supports individual autonomy and encourages economic activity by allowing parties to create tailored solutions for their specific needs. However, certain protections exist to prevent unfair practices, ensuring that all parties can enter contracts voluntarily and with informed consent.