Terms of a contract

Subdecks (3)

Cards (38)

    • terms of a contract define the extent and limit of a parties obligation
    • both parties will discuss a no. of issues before committing to the agreement- many discussions will form part of the contract and will become terms
    • matters that are discussed and arent mentioned become representations-> opinions/facts that encourage the party to enter the contract but arent legally binding
    • when one party wants to rely on something said in negotiations, courts decide whether its a term/representation
    • terms agreed pre contract as express terms/others are implied by parties/situations