In this episode, we break down one of the most important concepts in law: Contracts.

What exactly is the contract? Is every agreement legally binding? What is the difference between a promise and a contract? And why does your signature carry so much weight?

Using simple examples, I discussed the meaning of a contract, characteristics of a contract, why contracts are legally binding and freedom of contract, not forgetting the principles of Pacta Sunt Servanda (Agreement must be kept).

Whether you law students, a business owner, or someone who signs the document without reading them first, this episode will help you understand why contract matter and how the law treats agreements.