RoaldDahl
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Simple English definitions for legal terms
contract, freedom of
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A quick definition of contract, freedom of:
Contract, Freedom of: The idea that people have the right to make agreements with each other without interference from the government. This means that contracts are based on mutual agreement and free choice, and should not be controlled by external forces. It is the principle that people can decide how they want to interact with each other, rather than being forced into certain roles by the government.
A more thorough explanation:
Definition: The principle that individuals have the right to legally bind themselves through mutual agreement and free choice, without interference from external sources such as the government. This doctrine is also known as freedom of contract, liberty of contract, or autonomy of the parties.
Example: A person has the freedom to enter into a contract with another person or business for the purchase of goods or services. The terms of the contract are agreed upon by both parties and are legally binding. For example, if a person agrees to purchase a car from a dealership, they are free to negotiate the terms of the sale and sign a contract that outlines the agreed-upon terms.
Explanation: The freedom of contract allows individuals to enter into agreements that suit their needs and desires without interference from external sources. This principle is based on the idea that contracts should be based on mutual agreement and free choice, rather than assigned roles or government control. The example illustrates how individuals can use their freedom of contract to negotiate and agree upon terms for the purchase of goods or services.