Consequences of a Mistake in Contractual Relationships

This Skill Bit includes these types of contract mistakes: common, mutual, and unilateral mistakes, which involve errors about fundamental aspects of the contract. Mistakes can concern facts, terms, identity of parties, or law. These errors can render a contract void or voidable if they significantly impact the agreement, releasing parties from their obligations if the mistake meets legal criteria.

Duration approx. 3 Min.

Tier: advanced

A part of Common Contractual Mistakes: Prevention and Best Practices course.