Sarcouncil Journal of Economics and Business Management

Sarcouncil Journal of Economics and Business Management

An Open access peer reviewed international Journal
Publication Frequency- Monthly
Publisher Name-SARC Publisher

ISSN Online- 2945-3593
Country of origin- PHILIPPINES
Impact factor- 3.1
Language- English

Keywords

Editors

A Contract is a Consensual Expression of the Will of Two or More Entities

Keywords: Business, Contract, Negotiation, Pacta Sunt Servanda, Law

Abstract: A contract is a consensual expression of the will of two or more entities aimed at achieving the permissible legal effects which consist in the creation, termination or change of a certain legal relationship. A contract is a bilateral legal transaction, ie it arises only if there is a consensual expression of the will of two or more entities, as opposed to unilateral legal transactions where the legal effect arises by a statement or on the basis of a declaration of will of one party. Contracts are most common in trade, civil, labor and other branches of law

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