Understanding Public Policy Considerations in Contract Law

Description

This Skill Bit talks about public policy, which in law reflects societal welfare and values, guiding the enforceability of contracts. Courts may void contracts violating public health, fundamental rights, fair competition, or involving fraud or exploitation. It evolves with societal changes, aiming to uphold justice and societal well-being by evaluating contracts’ fairness, legality, and social impact.

Duration approx. 4 Min.

Tier: advanced