Formalities in Contract in Civil Law & Concept of “Good Faith”

Description

This Skill Bit talks about how civil law often mandates contract formalities like writing, signatures, notarization, and registration to ensure clarity, enforceability, and protection against third parties. Good faith is a fundamental contract law principle requiring honest, fair, and reasonable conduct. It’s recognized globally, ensuring parties act in accordance with the contract’s purpose. While widely accepted, its specific scope varies across jurisdictions.

Duration approx. 4 Min.

Tier: proficiency