The Will Theory of Contracts

The Will Theory of Contracts holds that a valid contract is based on the genuine consent and intention of the parties involved. Essentially, for a contract to be enforceable, both parties must intentionally agree to its terms, demonstrating a true will to be bound. This theory emphasizes the importance of voluntary cooperation and mutual understanding, meaning that contracts formed under duress, fraud, or mistake are invalid because they do not reflect honest, free intent. In short, a contract is only valid if both parties truly intend and agree to it.