CONTRACT LAW

CONTRACT LAW• Promissory agreement

between two or more persons that creates, modifies, or destroys a legal relation.

• Legally enforceable promise to do or not to do something.

• Offer and acceptance (Quid Pro Quo)

• Oral contract is legally binding.

ELEMENTS OF CONTRACT“VALID CONTRACT”

• Mutual assent (Clear understanding)

• Promise or considerations

• Two or more parties of competent legal capacity

• Agreement must be a lawful act and cannot be against public policy

BREACH OF CONTRACT• Unjustified failure to

perform the terms of the contract as agreed upon or when performance is due.

• 3 Remedies• Money Damages• Specific Performance• Injunction

CLASSIFICATION OF CONTRACTS

• Expressed: agreement (oral or written)

• Implied: action or inaction without verbalization of terms

CONTRACTS AND

PATIENTS

CONTRACTS WITH

EMPLOYEES