Second Restatement of Contracts

The Second Restatement of Contracts is a legal document that clarifies and organizes the principles of contract law in the United States. It was created to provide guidance on how contracts are formed, interpreted, and enforced. By outlining the rights and duties of parties involved in agreements, it helps resolve disputes and promotes fairness in contractual relationships. Essentially, it serves as a comprehensive reference for judges, lawyers, and individuals, offering a clearer understanding of what makes a contract valid and how obligations can be enforced or modified.