The Rule of Law and Contract Law
Our new Contract law Resource includes together foundational information about contract law, three case studies and students activities to assist legal and business teachers and their students.
Click on the resource to download.
The rule of law (see the Rule of Law Pyramid on the resource) is vital for contract law as it provides stability and predictability in the legal system. For contracts to be binding and enforceable a society needs a stable civil law system.
Equality before the law under the rule of law allows for legal mechanisms to ensure parties to a contract are treated equally before the law and vulnerable members of the community are protected when entering into contracts.