Introduction to Contract Law

Introduction to Contract Law

Arun Singh

40 years - Corporate Lawyer

In this video, Arun introduces the useful concept of what a contract is and reveals how a contract is formed and created, more importantly how it becomes a binding contract. He further highlights the difference between countries' legal systems and that England has an international influence on transactions across different countries. The video also reveals the history of where the source of different laws originate from and what countries they are specific to.

In this video, Arun introduces the useful concept of what a contract is and reveals how a contract is formed and created, more importantly how it becomes a binding contract. He further highlights the difference between countries' legal systems and that England has an international influence on transactions across different countries. The video also reveals the history of where the source of different laws originate from and what countries they are specific to.

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Introduction to Contract Law

13 mins 28 secs

Overview

Undertaking any transaction without an underlying contract is a risk. Contracts are promises enforceable by law. In the business world, a contract sets out how the relationships between parties conducting business with each other will be governed. Contracts can be interpreted differently depending on the legal jurisdiction, so it is important to be aware of the legal system of the countries involved.

Key learning objectives:

  • Understand what a contract is

  • Outline the different legal systems

  • Describe how to form a contract

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Summary
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Expert
Arun Singh

Arun Singh

Arun Singh is a lawyer with over 35 years of experience and was a partner at PinsentMasons and KPMGLegal. He delivers public and in-house courses internationally to corporates, banks, sovereign wealth funds, government organisations and universities. He is the co-author of 'How to Lead Smart People', shortlisted for the Business Book Awards and The Chartered Institute of Management Book of the Year.

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