The Contract Act (various jurisdictions)

The Contract Act governs agreements between parties, outlining how contracts are formed, enforced, and executed. It ensures that parties can create legally binding agreements, provided they meet specific criteria, such as mutual consent, a lawful purpose, and consideration (something of value exchanged). Different jurisdictions may have variations in their laws regarding contracts, but the core principles—such as capacity to contract, free consent, and void agreements—are generally consistent. This legal framework helps protect the rights of individuals and businesses in their transactions, fostering trust and reliability in commercial and personal dealings.