What is Contract Law?
Contract Law; The transaction that consists of mutual and correct declarations of will of the parties to create a certain legal result is called a contract. The creditor and debtor person or persons, who are the parties to the contract, can make contracts with the freedom of contract in all areas of law. This area, in which the rights and obligations related to the provisions of the contract are regulated, is called contract law. Contracts and protocols are very common forms of contracts in everyday life. Contract law is the branch of law that forms the basis of the law of obligations, which is established for disputes between the parties regarding debts and contracts. In other words; It is a legal act between two or more people that they must comply with.
Basic Principles of Contract Law
The basic principles of contract law are the freedom of contract arising from the constitution, the compliance of the contract with the mandatory provisions of the law, morality, public order and personal rights, the possibility of this purpose, equality of the parties, proportionality.
In addition, principles are taken into account as they are based on Compromise, honesty and reciprocity. Principles such as freedom of contract, freedom of contract, freedom of contract, the will of the parties and the protection of the rights in the provisions of the contract are mandatory principles to be ordered in law. Deals. The principles of the contracts in the Turkish Act No. 6098. In addition, the legislation of the Code of Obligations also includes the legislation that regulates the principles of the law of contracts.
Principles of Law
Thus, the boundaries of the principles binding contracts were determined. The freedom to make and not to contract is also guaranteed in the Constitution. Everyone is free to make a contract, and no one can be forced to make a contract they don’t want. There is also the freedom to choose sides when concluding a contract. People are free to choose the other side of the contract. In addition, the principle of freedom is regulated in the Turkish Code of Obligations. The validity of contracts is not dependent on any form, unless otherwise required by law. Formal contracts are not valid if there is a legal obligation to conclude the contract.
What Does the Law of Contracts Do?
In the business world and social life, agreements are made between the parties on many issues called contracts. As a result of these contracts, the savings become entitled depending on the provisions of the contract. Sometimes, situations such as negligence and termination of the contract may occur between the parties. At this point, contract law applies.
In the law of contracts, the parties must fulfill the agreements made. It must protect the rights of persons to ensure that no injustice is done to any party. The contract, which is a written document, is violated by either party. has the right to redress his complaint under the Contract Act. A lot; contract law; It is a branch of law that protects the rights of the parties and prevents them from being wronged in contracts.
What are the Essential Elements of the Contract?
In the context of contract law, the term “essential parts of the contract” is used quite often. The essential parts of the contract are contrary to the terms of the contract. It is based on the mutual agreement of the parties that the signed contract may contain a valid provision. Unless the essential parts of the contract or the agreement of the parties are stipulated, the contract is legally binding and cannot be performed.
Essential Elements
Under contract law, the contract is not binding unless the parties make a free return contract and agree to the terms. The essential elements of the contract are the elements that must be binding during the conclusion of the contract. The non-mandatory parts of the contract are called the secondary/secondary parts of the contract.