Law on obligations and contracts lecture notes
The general definition of a breach of contract is where there is a failure or refusal by one or both of the parties to perform one or all of the obligations imposed upon them under the contract. Repudiatory breaches What is contract law and what does it aim to do? Contract law aims to provide an effective legal framework for contracting parties to resolve their disputes and regulate their contractual obligations. The law of contract is mostly self-regulatory, with the majority of contracts requiring no intervention. The courts make no consideration for whether the contract was fair or not; if it was agreed, it should be enforced. Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith. A contract is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service.