The Freedom of Contract Doctrine

The Freedom of Contract Doctrine is a legal principle that allows individuals and businesses to freely negotiate and enter into agreements without interference from the government, as long as the agreements are lawful. This means that parties can set their own terms and conditions for contracts based on mutual consent. However, this freedom is not absolute; contracts that involve illegal activities or exploitative practices may be voided by the law. In essence, it encourages personal autonomy while maintaining a framework to protect fairness and justice in contractual agreements.