Legal Impediment in Contract Law 101: All You Need To Know
Legal Impediment in Contract Law What is a legal impediment? Contract law serves as the foundation for commercial and private agreements, ensuring that parties adhere to their promises. However, not all agreements can be legally enforced. Legal impediments in contract law refer to barriers that prevent an agreement from being recognized as a valid contract. These impediments may arise from statutory prohibitions, public policy considerations, lack of legal capacity, or failure to meet essential contractual Read more…