Legal Requirements of English Contract Law

BUSINESS LAW

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1...................................................................................................................................................3
2...................................................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
The English contract law is basically the body which regulates contracts within England
as well as Wales. This law binds both the parties to some legal obligations and have some
elements which must be fulfilled for valid contract. Simon being the part of TV show wants to
hire the legal advisor for managing his financial and legal aspects. For this, Simon decided to
appoint Kim who is former celebrity and is currently studying law. Thus, Simon starts to plan the
legal strategy. The main aim of this report is to advise Simon about legal requirements of English
contract law before entering the contract.
MAIN BODY
1
Contract law
A contract is basically the legally enforceable agreement between tow or more than two
parties where each of the party assumes the legal obligation which must be thoroughly
completed. In short, contract predominately recognizes as well as governs rights and the duties of
parties to agreement and thus is legally enforceable. Contract law is primarily the governing
body which mainly relates to the making as well as enforcement of agreements. This contract
law mainly states that whenever an agreement is being made between tow or more parties than
that agreement is highly law enforceable and thus have some terms and conditions which both
the parties have to comply with. According to this law, when parties enter in an agreement
related to any aspect then they become legally bind to perform their obligations and thus breach
of any of the rule is considered as serious offense which gives the another party right to sue the
defaulter. The contract law has some elements which makes the contract valid (Austen-Baker,
2017).
Offer
This law mainly relates to offer and thus a valid contract should have terms and
conditions that one party wants other party to follow and agree.
Acceptance
This is the another major element of valid contract under English contract law. A contract
is said to be valid only when another party accepts it without being under coercion or under
pressure.