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In: Operations Management

Individuals may agree to whatever terms of a contract they see fit. In the case of...

Individuals may agree to whatever terms of a contract they see fit. In the case of a disagreement, a court could simply read and enforce whatever the contract says. Why then do we have contract law?

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Expert Solution

Contract law is essential to determine the way in which the contract is being in forced. In any specific condition where two individuals does not agree on a specific condition, statements in the contract can be modified for creating extensive benefit for one party as well as creating a huge negative impact on other party. Contract laws provide adequate level of support for proper determination as well as implementation of justice in the requested environment by increasing its adaptability through the eye of the law of. Different binding statements can be enforced in the code for fair alignment with policies and Standards of the specific region which creates fair justice to the law. Enforcing the law by itself would not be appropriate as any party which is more powerful than other party in the specific contract can create a negative impact on the decision or enforcement made on the contract that is made area in the specific scenario.
P.S.- Please leave a comment if any explanation is needed.


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