By Sun Natha-Alade & Partners (SNATHAP)
Introduction
Contracts are the backbone of commercial and personal transactions. Whether it involves the sale of goods, employment, construction projects, tenancy arrangements, partnerships, or service agreements, contracts provide certainty and legal protection to the parties involved.
The law recognizes the principle that agreements freely entered into should be honoured. This is reflected in the ancient Latin maxim Pacta Sunt Servanda, meaning "agreements must be kept." Once parties have entered into a valid contract, each party is expected to perform their obligations according to the agreed terms.
However, disputes often arise when one party fails, refuses, or neglects to fulfil their obligations. Such conduct may amount to a breach of contract and may entitle the innocent party to legal remedies.
