In general, writers have made Marxist and feminist interpretations of the treaty. attempts to understand the purpose and nature of the treaty as a phenomenon of global understanding, in particular, the relational theory of contracts, originally developed by American experts Ian Roderick Macneil and Stewart Macaulay, which was based at least in part on the contract theory of the American scientist Lon L. Fuller, while American scientists were at the forefront of the development of the economic theories of contracts focused on transaction costs and the so-called ”effective violation”. On the other hand, budgetary and social agreements such as those between children and parents are generally unenforceable on the basis of public order. For example, in the English case Balfour v. Balfour, a man agreed to give 30 dollars a month to his wife while he was not home, but the court refused to enforce the agreement when the husband stopped paying. On the other hand, in Merritt/Merritt, the Tribunal imposed an agreement between an insane couple, because the circumstances suggested that their agreement should have legal consequences. If something is advertised in a newspaper or on a poster, the ad is not normally an offer, but an invitation to process, an indication that one or both parties are ready to negotiate an agreement. [15] [16] [17] Clients` claims against securities dealers and dealers are almost always settled in accordance with contractual arbitration clauses, as securities dealers are required to settle disputes with their clients in accordance with the terms of their affiliation with self-regulatory organizations such as the Financial Industry Regulatory Authority (formerly NASD) or the NYSE. Companies then began to include arbitration agreements in their customer agreements, which required their clients to settle disputes.

[127] [128] Arbitration decisions can normally be enforced in the same way as ordinary court decisions and are internationally recognized and enforceable under the 156-party New York Convention. In the states of the New York Convention, arbitration decisions are generally immunized, unless there is a document proven that the arbitrator`s decision was irrational or tainted by fraud. [122] In order for a contract to be concluded, the parties must be subject to mutual consent (also known as the Assembly of Spirits). This result is usually achieved by the offer and acceptance that does not change the terms of the offer, which is known as the ”reflection rule.” An offer is a definitive statement about the supplier`s willingness to be bound if certain conditions are met. [9] If an alleged acceptance alters the terms of an offer, it is not an acceptance, but a counter-offer and, therefore, a rejection of the original offer. The single trade code has the rule of item 2-207, although the UCC only regulates goods transactions in the United States. Since a court cannot read the minds, the intention of the parties is objectively interpreted from the point of view of a reasonable person,[10] as found in the first English case Smith v. Hughes [1871].

It is important to note that if an offer indicates a particular type of acceptance, only an acceptance communicated by that method is valid. [11] An oral contract can also be characterized as a parol contract or oral treaty, ”verbal” signing ”spoken” and not ”in words,” a use established in British English in terms of contracts and agreements,[50] and, more generally, abbreviated in American English as ”cowardly”. [51] A standard form contract is a prepared contract, in which most conditions are set in advance, without it being a negotiation between the parties. These contracts are usually printed with only a few spaces to add names, signatures, dates, etc. Contractual terms[64] are classified differently depending on the context or jurisdiction. Previous conditions.