Contract law is the area of the law in all civil jurisdictions that oversees all parts of creating, ending or breaking contracts between two or more parties. The term ""party"" can refer to a person, a company, an organization, or association.
When two or more parties make a legal agreement, it states a particular set of obligations for one or both parties to do or not do. These contracts, usually for a legally binding offer, are overseen by contract law. Judges are well-versed in contract law for legal guidance in cases involving all legal personal, business, and organizational contract agreements.
How contract law is interpreted in a jurisdiction depends on the present laws in any city or state where a particular contract was offered, accepted, or breached.‎