Kontrat

Kontrat is the term used in Turkish and some related languages for a contract: a legally binding agreement between two or more parties that creates enforceable rights and obligations. A kontrat formalizes the terms under which one or more parties promise to perform a service, deliver goods, or exchange value. The core elements of a kontrat typically include offer and acceptance, mutual assent, capacity to contract, lawful purpose, and consideration or equivalent value, though the exact requirements vary by jurisdiction. Contracts can take various forms, from written to oral, and certain types or circumstances may require written documentation or formal compliance with statutory rules.

Common types include sales contracts, service agreements, employment contracts, lease or rental contracts, loan agreements, and construction or supply contracts. The specific terms govern performance standards, timelines, payment, risk allocation, warranties, and remedies for default.

If one party fails to fulfill its obligations, the kontrat may be considered breached. Remedies may include damages, specific performance, contract termination, or other equitable relief, depending on the law and the contract's terms. Remedies are designed to place the injured party in the position they would have been in had the breach not occurred.

International and comparative contract law has developed principles for cross-border contracts, including the UNIDROIT Principles and international conventions like the CISG for the sale of goods. Consumer protection, interpretation rules, and remedies play key roles in many jurisdictions.