Whether you want to get a mobile telephone, connect to the Internet, take out insurance or start a job, you will have to sign a contract.  Before you either write up or sign a contract, it might be useful to know some details about your rights and obligations as far as making agreements goes. Contracts here must conform to the proper legal form in order to be valid. This means that a contract is valid only if it is a free and serious expression of will, which is precise and comprehensible. In practical terms, it means that the contract should specify the product or service delivered, the price, the conditions of payment, the liability and obligations of both parties as they exist in Czech law and the termination of the contract.

Transactions, agreements, exchanges of goods and services… they are in the base of every civilization. Humans have used exchanging methods to acquire what they needed in exchange for what they have for thousands of years. Nowadays, these exchanges are regulated by contracts, which are mutually accepted, legally binding agreements between the interested parties.

As any other essential part of human’s life and interaction, it is necessary to have certain rules that ensure that one party is not going to benefit from that exchange by prejudicing the other party. For this reason, contracts are regulated by Contract Law, the part of the legal system that stablishes the obligations and rights of any agreement, oral or written, as well as the limitations and freedom included on them. Contract law is used for a wide variety of things, from tenancy contracts to even an employment contract.

In the following chapter, we will be able to see how Contract Law works.