This book aims to explain the principles of contract law for the businessman, and to put those principles into their commercial context. Anyone involved in commercial transactions needs at least a basic understanding of the principles of contract law - the legal framework for all commercial activity. A lack of such a basic understanding at best results in a business which is less competitive and ultimately less profitable than it should be, and at worst can have expensive and sometimes disastrous commercial consequences.

What is a contract? Parties; Entering in to a contract; The terms of a contract; Standard terms and conditions; The interpretation of a contract; Performance and non-performance; Legal remedies for breach of contract; The shadow of litigation and insolvency; Invalid contracts; The involvement third parties; International transactions, the broader picture.