Formation of contractual relationships

FORMATION OF
CONTRACTUAL
RELATIONSHIPS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Define contract law and also describe all blueprints of the contract...........................................1
Explanation of court system in relation to English legal system and also advice parties which
courts action to peruse.................................................................................................................2
Advice Hilary as to whether binding contract exist between herself and other people: Eleanor,
Amy and Olivia............................................................................................................................3
Discuss different remedies available to the parties......................................................................4
CONCLUSION................................................................................................................................5
REREFENCES................................................................................................................................6

INTRODUCTION
Contractual relationship is a kind of legal bond between at least two parties who agrees to
a common term or a common promise (Babaeian Jelodar Yiu and Wilkinson, 2017). It is a kind
of a legal bond between two or more than two people who agrees to a certain condition.
Contractual relationship between two people can be developed with the help of a binding
contract. Such contracts consist of some terms and conditions so that both the parties cannot not
break any kind of condition and if the break any contractual term or condition then in such case it
is termed as breech of contract and breeching party can be face legal consequences. This
assignment will lay emphasis upon contract law and blue prints of the contract, court system in
relation to English legal system, Advice to Hilary as to whether binding contract exist between
herself and other people, and different remedies available to the parties.
MAIN BODY
Define contract law and also describe all blueprints of the contract
Contract is a legally enforceable agreement between two or more parties when each of
the parties assume a legal obligation which is required to be completed. According to the
contract law (Contracts Act, 1990) there are three basic essentials that are required to be focused
upon for creation of a contract. First is the agreement, second is contractual agreement, and this
is consideration of construction terms and conditions. There are various kinds of daily life
aspects that involves a contract like property buying or selling, car loan and many other
(Kundakchyan and Grigoryeva, 2016). Contract helps in binding all the parties involved in it to
perform all the obligations that they have agreed to do and failing to do so can result in legal
actions.
Blueprint helps in explaining ways in which law is constructed. Blueprint helps in
discussing incorporation of terms, interpretation, implied terms and unfair terms related to
contract law. Incorporation of terms in contract law are inclusion of terms in contracts that are
formed under English law, recognized by court and are valid like notice, contractual document
etc. Implied contract terms are items that court assumes are intended to be included in a contract.
Such terms help the lawyer to intend of the contract for example time period in which cash will
be paid and under which conditions. Standard terms are known as unfair terms. Unfair Contract
Terms Act (UCTA) 1977 regulates contracts by limiting the extent to which one party can avoid
liability through use of exclusion clauses such as disclaimers.
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