Freedom of Contract

Peter Cserne

doi:10.1007/978-1-4614-7883-6_538-1

Freedom of Contract

Peter Cserne

Law

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Freedom of contract is a principle of law, expressing three related ideas: parties should be free to choose their contracting partners (“party freedom”), to agree freely on the terms of their agreement (“term freedom”), and where agreements have been freely made, parties should be held to their bargains (“sanctity of contract”). This entry provides an overview of the economic justifications and limitations of this principle.

Original language	English
Title of host publication	Encyclopedia of Law and Economics
Editors	Jürgen C. Backhaus
Publisher	Springer
Chapter	108
DOIs	https://doi.org/10.1007/978-1-4614-7883-6_538-1
Publication status	Published - 2014

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10.1007/978-1-4614-7883-6_538-1

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Freedom of Contract

Abstract

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