Laws of Contracts

This comprehensive course in contracts of laws is designed to equip participants with a solid foundation in contract principles, enabling them to navigate the intricacies of forming, signing, and enforcing contracts effectively. The course focuses on the legal framework governing contracts, ensuring compliance with updated contracts of laws and developing the skills necessary to mitigate the risk of voiding contracts. Participants will gain a deep understanding of the essential elements of contracts, including their impact on business activities in Myanmar. Furthermore, the course will cover enforcement mechanisms, remediation options, arbitration, settlements, and the legal aspects of lawsuits related to contracts.
I. Basic minimum requirement of forming a contract;
II. Factors to consider not to be void contract;
III. Factors that can become voidable contract;
IV. Impact of misrepresentation, fraud and mistakes;
V. Whether the contract need to be approved by the Government or required to register at the government department;
VI. Can you enforce some points which you verbally agree which you fail to describe in the contract or not;
VII. Can you penalize the other party if they fail to perform the contract or not;
VIII. Is there any chance to choose the governing law of the contract to be other country law or not;
IX. Contract can say something for the benefits of third party who are not contract party or not;
X. Arbitration should be the dispute settlement mechanism or not;
XI. Enforcement mechanism in case of breach of contract