CONTRACT LAW. Promissory agreement between two or more persons that creates, modifies, or destroys a legal relation. Legally enforceable promise to do.

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Presentation transcript:

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