Doctrines of Contract Law

Establishes that each party must provide something of value for a contract to be binding.

Defines the process by which a contract is formed through an offer by one party and acceptance by another.

Prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.

Allows courts to refuse to enforce contracts that are grossly unfair or oppressive.

Ensures that parties entering into a contract have the legal ability to do so, typically meaning they are of sound mind and of legal age.

Allows a contract to be voided if both parties were mistaken about a fundamental fact at the time the contract was made.

Provides that a contract can be voided if one party was forced into the agreement under threat or coercion.

Addresses situations where one party exerts excessive pressure on another, overcoming their free will and leading to an unfair contract.

Ensures that contracts involving illegal activities are unenforceable.

Allows a contract to be terminated if unforeseen events render contractual obligations impossible or radically different from what was agreed upon.

Allows parties to agree to discharge a contractual obligation by accepting a performance different from what was originally agreed upon.

Permits the non-breaching party to take legal action if the other party indicates they will not perform their contractual obligations before the performance is due.

Limits the use of extrinsic evidence to interpret or add to the terms of a written contract that appears to be complete and final.

Recognizes that certain terms not expressly stated may be implied into a contract based on the nature of the agreement, customs, or legal requirements.

Allows a party to recover the reasonable value of services provided when there is no enforceable contract, but services have been rendered.