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Intention to create legal relations

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  • Essay length: 1152 words
  • Submitted: 07/01/2013
  • Awarding body: Not known/Not applicable
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University Degree Contract Law

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âA mere statement of intention made in the course of conversation will not constitute a binding promise, though acted upon by the party to whom it was madeâ¦â¦â¦â

According to this questionit asks whether the mere fact that a statement of intention to createa contract which is formed when an offer by one party is accepted by the other party, how the parties becomes legally bounded to act accordingly to the actions of the agreement? A contract does not exist simply because there is an agreement between people. The parties to the agreement must intend to enter into a legally binding agreement. To discuss this first we have to think about the legal capacity of a contract. So then we have to see whatâs the difference between a legally binding promise or an agreement and a mere promise which has no legal consequences. For this purpose theremust be a clear view to see what are requirements of an agreement to be a legally binding contract. First the parties must intend the agreement to be legally binding. But the thing is how the courts can find out whatâs in the minds of the partiesâ? As an

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