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Contract, Freedom of

Cserne, Péter


Péter Cserne


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.


Cserne, P. (2014). Contract, Freedom of. In Encyclopedia of Law and Economics (1-10). Berlin / New York: Springer Publishing Company.

Online Publication Date Dec 30, 2014
Publication Date 2014
Deposit Date Feb 27, 2018
Publisher Springer Publishing Company
Pages 1-10
Book Title Encyclopedia of Law and Economics
Chapter Number 108
ISBN 9781461478836
Public URL