Bound by terms that they agree to voluntarily unless

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Reference no: EM133811631

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The parties are bound by the terms that they agree to voluntarily unless there is a valid legal reason of impossibility when a contract cannot be fulfilled because of reasons outside the control of either parties, misrepresentation during negotiations and duress under pressure. Under the specific performance remedy, the court can force either party to carry out their obligations written in the contract. When the contracts are enforced, the laws help in bringing trust and predictability in the business. The laws ensure that enforcing the contractual obligations are upheld in commercial relationships that are legal, and make sure the parties are held accountable with justice and fairness.

Reference no: EM133811631

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