Agreement Entered Into with Free Consent is Essential in Business
In the business world, agreements made between two parties are a common occurrence. These agreements can be as simple as a verbal contract, or as complex as a written agreement with multiple clauses and conditions. Regardless of the type of agreement, it is essential that it is entered into with free consent.
What is Free Consent?
Free consent is a legal term that refers to the agreement made between two parties without any coercion, undue influence, fraud, misrepresentation, or mistake. It means that both parties fully understand the terms of the agreement and enter into it willingly and without any pressure.
Why is Free Consent Important in Business?
Agreements entered into with free consent are critical in business because they ensure that both parties are on the same page and understand the expectations of each other. When an agreement is made with free consent, there is no chance of one party feeling cheated or misled. It also ensures that the agreement is legally binding, and both parties can be held accountable for the terms of the agreement.
How to Ensure Free Consent is Obtained?
There are several ways to ensure the consent obtained is free and will hold up in court. Firstly, both parties need to be fully aware of what they are agreeing to, and all the terms need to be made clear. Secondly, there should be no pressure on either party to accept the agreement. Thirdly, any mistake, misrepresentation, or fraud should be avoided, and both parties should be honest.
Legal Consequences of Breaking an Agreement with Free Consent
If either party breaks an agreement that was entered into with free consent, there can be serious legal consequences. The injured party can file a lawsuit in court to seek redress. If the court rules in favor of the injured party, the breaching party may be required to perform the terms of the agreement or pay damages.
Final Thoughts
In conclusion, agreements entered into with free consent are essential in business. They ensure that both parties are aware of what they are agreeing to and can be held accountable for the terms of the agreement. Always make sure that both parties fully understand the agreement and that no coercion, undue influence, fraud, misrepresentation, or mistake is involved. By doing so, you can minimize the risk of any misunderstanding or issues arising in the future.