Contract, Freedom of

Cserne, Péter

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.

Citation

Cserne, P. (2014). Contract, Freedom of. In Encyclopedia of Law and Economics (1-10). Berlin / New York: Springer Publishing Company. https://doi.org/10.1007/978-1-4614-7883-6_538-1

• 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
• DOI: https://doi.org/10.1007/978-1-4614-7883-6_538-1
• Public URL: https://hull-repository.worktribe.com/output/687735