8. Dezember 2020
A law-free contract has no legal effect. An illegal contract, such as the nullity contract, has no legal value between the direct parties, but it has the effect of ensuring that the transactions are tainted with illegality and thus become enforceable. For the formation of a valid contract, it is also necessary for the contracting parties to accept for legitimate purposes. The purpose for which the agreement was reached —— not fraudulent or illegal or immoral or contrary to public order, or must not constitute a violation of the person or other grounds mentioned above in the agreement, is null and void. Therefore, when an owner knowingly rents a house to a prostitute for prostitution, he cannot recover the rent through a court, or a contract to commit murder is a nullo contract and legally unenforceable. As mentioned above, oral contracts may have the force of law, but certain types of contracts must be entered into in writing, such as long-term contracts and marriage contracts (pre-marriage). There is also some kind of tacit contract. You can enter into a contract with someone without knowing it and be forced to comply with their terms. Treaties and agreements are linked in many ways. The treaties mean that, in some areas, the agreement is such that it is whether or not it is national or international aspects of the agreements. By extension , the contract is an agreement between two or more competent parties, in which an offer is made and accepted and each party benefits from it. The agreement can be understood formally, informally, in writing, orally or simply clearly.
Some contracts must be entered into in writing to be enforced. Examples of a contract are a lease, a change of contract or a lease.  According to the lawyer Sir John William Salmond, a contract is „an agreement that creates and defines obligations between two or more parties.“ The parties to an agreement must be competent for the contract. But the question now is which parties are competent or not. Contracting parties must be 11 years of age (according to common law or 18 (18) years under Ghanaian law) and be in good health and not be disqualified by a law to which they are subject. A company created under the Corporations Act, 2019, Act 992, automatically obtains contractual capacity.