Contract law

How does the law come to govern and structure the banking organization so that it can best protect everyone's interests?

“The best contract is the word

of an honest man. »

(Edouard Bricon)

Contracts are the legal backbone of any transaction. Their natures and structures are as diverse and complex as their objects: service delivery, distribution, partnership, sale, negotiated management fee rebate, call for tenders, etc. Their forms are also varied, the Civil Code classifies them into seven categories: synallagmatic/unilateral, free of charge/for a fee, commutative/random, consensual/real, by mutual agreement/adherence, framework/application and finally instantaneous execution/successive execution.

But if contractual freedom is a key concept of contract law, it should however be specified that specific rules must be respected to be considered as legally valid and to acquire their full enforceability. Also, the free and informed consent of each party is essential, as well as the capacity to contract and a legal and certain content. Contracts are therefore a strictly regulated matter, and the basis of Business Law.

Contact Blooming Development for personalized help in protecting and defending your interests in each of the contracts that will bind your structure!