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The notion of reciprocity is the core of contract law and this is the main feature that distinguishes a contract from a deed or a gift. Consider a situation where a person loans a sum of money to a friend, colleague or family member. The parties may informally agree on a repayment plan. If the arrangement is not documented or witnessed there is...
Read More“It’s how we’ve always done it”. “Nothing has ever gone wrong” “We just pick up the phone and get it agreed”. “It’s always been a gentleman’s agreement”. On this page, we will help dispel some of the myths in contract law in a way that will assist you in the day to day running of your
Read MoreAre you aware of what a breach of contract is? A breach of contract could be anything from a late payment, to not supplying the goods as originally agreed in the contract. Once a breach is established, there are four classifications that it will fit under: · Minor
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