Law in a Nutshell
Let’s start with the basic principle of contract law: a contract is legally binding where an offer has been accepted by the other party; there is consideration; and both parties intended to create legal relations.
But as with any rule, there are exceptions. A contract can, for example, be terminated if one party breaches fundamental obligations under its terms. And, as you’ll recall from your first year at law school - an agreement is invalid (void) at common law if it was not legally enforceable in the first place.
One reason why a contract may be void and unenforceable is by reason of mistake when the contract was made.
What's covered?
Impact mistakes have voiding contracts , case law examples and what to do in practice with clients.
Estimated length
15mins
Recommended knoweldge level
Intermediate
Knowledge check
3 questions at the end to check your understanding
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