Contract Law

A contract is an enforceable promise between competent adults involving their property, including their bodies, money, etc. Many countries have respected contract law for centuries, mainly in keeping with Live and Let Live’s two principles. The primary exception is that, today, many peaceful contracts are denied to the moral views of unaffected parties. Examples include gambling, prostitution [link], drug sales, aspects of employment contracts [link] and assisted suicide. So long as no violations of the Legal Principle have occurred, competent adults should be free to contract with their property, even in ways that are unwise, unhealthy or immoral. We can persuade them with words and our example, but they remain free to disagree. There is no need for governments to be involved in contract law – arbitrators, collateral and pre-agreed stipulations all allow for smooth functioning private voluntary agreements.