What is a contract in Connecticut? Connecticut is like most other places in the United States: a contract is an agreement between private parties creating mutual obligations enforceable by law. Contracts can be oral (in many cases) or written. A contract can even be implied.
The basic elements required for a contract to be valid are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. Remedies for breach of contract include general damages, consequential damages, reliance damages, and specific performance.
Contracts are simply promises enforceable by the law.
Contract law is generally governed by the state Common Law, and general contract law principles are common throughout the country. (In fact, many of our contract principles are quite similar to England and other nations.)
For help with a contract issue, please give us a call.