Contract Law

Introduction to Contract law

Contract law is an area of South Africa law that involves agreements between people, businesses, and groups. When someone does not follow an agreement, it is called a “breach of contract” and contract laws allow you to take the problem to court. Contract law attorneys and a judge will discuss the case and determine a fair solution.

A contract is a legally enforceable agreement between two or more parties that creates an obligation to do or not do particular things. The term “party” can mean an individual person, company, or other legal entity.

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Breach of Contract and Lawsuits

A business contract creates certain obligations that are to be fulfilled by the parties who entered into the agreement. Legally, one party's failure to fulfill any of its contractual obligations is known as a "breach" of the contract. Depending on the specifics, a breach can occur when a party fails to perform on time, does not perform in accordance with the terms of the agreement, or does not perform at all. Accordingly, a breach of contract will usually be categorized as either a "material breach" or an "immaterial breach" for purposes of determining the appropriate legal solution or "remedy" for the breach.

What laws govern contracts

How are contracts enforced

The most common method used to resolve business contract disputes and enforce contracts (if informal resolution methods fail) is through lawsuits and the court system.

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