Usage of contract law in the Australian Law System.

Contract law is civil law of the state to frame a legal structure to govern those matters related to the contractual obligations of the people or organizations. As Australia uses a federal system of governance and the Austrian contract law broadly initiates itself from the common law system thus the law system of Australia is quite similar to that of Britain. The Australian contract law is based on the principle of providing equitable justice to the victim and punishing the wrongdoer, and the contract law of Australia is framed with a liberal approach that suits all aspects and levels of Australian society.

Usages of contract law

The contract law of Australia is usual to any other civil law of the Australian legal system. It tries to deal with matters related to legal agreements between people, the contract law not only regulates the formation of a contract but also deals with the enforcement of the same. In a broader sense, we can say that the Australian contract is the overall regulator, justice provider, and formulator of Australian legal agreements. Thus contract law has increased its space in Australian universities and for assignment help of university students, one may opt for contract law assignment help. Following are a few usages of contract law in the Australian law system

1. Governance of contract-related disputes– Any contract law aims to govern the matters related to contractual disputes and the Australian contract law is well efficient in doing so. Laws on contract are to govern all the agreements irrespective of their framer and parties and in case of any wrong, the same laws are used to resolve disputes between parties.

2. Formation of a fair and competitive market- Many vital functions are played by the Australian contract law in Australian society and one of them is to form a fair, unbiased, and competitive market that could enable all players of the market with an equal opportunity without any biases. For more research and assignment-related help in the field of contract law, one may go with contract law assignment.

3. Security to contractual parties- The basic aim of any law, framed in any legal system is to provide security and rights to its people against any wrong whether civil or criminal. The contract law of Australia is also framed with the same idea of providing security to its people against any wrong against any person, organization, or company. The contract laws are framed and designed in a way that tries to keep the rights of its subject enacted and tries to safeguard the same and thus we can say that the contract laws are to secure the contractual rights.

4. Regulator of contractual obligations- The parties to the contract frame their contract with the will that the obligations created by their contract will be fulfilled by the contracting parties on behalf of them, and the Australian contract does not desperate its subject on the same. Thus we can say that the contract law of Australia is the regulator of contractual obligations of the contract created by people on their own mutual will.

5. Eye keeper- The contract law of Australia is not a mere instrument of law enforcement but also acts as the eye keeper for the Australian market, and this is because the Australian contract law is framed with such a legal structure that tries to keep sight of the functions of the market.