Guide

Contract law in Europe

Formation of European contracts

Most of the elements that are necessary for the formation of a contract under the Principles of European Contract Law are similar to those in UK contract law. This includes the process of making an offer and its acceptance, and issues such as confidentiality and good faith in making and accepting the offer.

The process of making an offer and it being accepted - which lies at the core of the contract - is set out in a series of clauses defining how an offer is made, revoked and accepted. This includes the opportunity to specify time limits and modifications.