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A contract is any legally-enforceable promise or set of promises made between parties. In the civil law, contracts are considered to be part of the general law of obligations. This article describes the law relating to contracts in common law jurisdictions.

Comparison of contract and tort law

The law of obligations has traditionally been divided into contractual obligations, which are voluntarily undertaken and owed to a specific person or persons, and obligations in tort which are based on the wrongful infliction of harm to certain protected interests, primarily imposed by the law, and typically owed to a wider class of persons. Recently it has been accepted that there is a third category, restitutionary obligations, based on the unjust enrichment of the defendant at the plaintiff’s expense. Contractual liability, reflecting the constitutive function of contract, is generally for failing to make things better (by not rendering the expected performance), liability in tort is generally for action (as opposed to omission) making things worse, and liability in restitution is for unjustly taking or retaining the benefit of the plaintiff’s money or work [Beatson (1998) Anson’s Law of Contract, 27th ed. (Oxford: OUP), pg. 21].
(this article compliments of Wikipedia)

Contracts Law Resources

An overview of Contracts Law - Cornell Law School

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Contracts News

Korean, Japanese firms win contracts for Kuwaiti refinery (AFP via Yahoo! News)
Four South Korean and a Japanese firm were on Sunday declared winners of four major contracts worth billions of dollars to build a new refinery in Kuwait, an oil official said.

Kuwait Awards Contracts for $15 Billion Oil Refinery (Update2) (Bloomberg.com)
May 11 (Bloomberg) -- Kuwait, the fourth-largest oil producer in the Organization of Petroleum Exporting Countries, awarded contracts to build a $15 billion refinery to four South Korean construction companies and Fluor Corp.

IBA Health (ASX:IBA) Wins A$3.7 Million In Contracts With 16 NHS Trusts In England (ABN Newswire via Yahoo!7 Finance)
Sydney, Australia, May 12, 2008 - (ABN Newswire) - IBA Health Group Limited (ASX: IBA)(PINK: IBATF) - Australia's largest listed health information technology company today announced that its UK subsidiary iB Solutions has this month won five contracts with 16 NHS trusts worth a total of A$3.7 million (£1.75 million) for its Integra range of financial and purchasing applications.

IBA Health Group Wins $3.7m Contracts with 16 NHS Trusts in England (IBA.AX, 00841128, 20080512) (Huntleys' Stock of the Week via Yahoo!7 Finance)
IBA Health Group announced that its UK subsidiary iB Solutions has this month won five contracts with 16 NHS trusts worth a total of $3.7m (GBP 1.75m) for its Integra range of financial and purchasing applications. iB Solutions is providing a consortium of five NHS trusts in Greater Manchester with a fully hosted managed service from its data centre at Prestwich in Manchester for 140 concurrent ...

DOE to award new coal, geothermal contracts (Philippine Daily Inquirer)
MANILA, Philippines--The Department of Energy will award within the month three geothermal service contracts and two coal operating contracts in areas offered under the 2006 Philippine Energy Contracting Round (PECR-3).


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