We, the people of Kenya
The Law of Contract Act (Cap 43 of 1960) in Kenya establishes the legal framework for the formation, enforcement, and performance of contracts. It governs the principles and rules that underpin contractual agreements, ensuring that contracts are legally binding and enforceable.
The Act outlines the essential elements of a valid contract, including offer, acceptance, consideration, and mutual consent. It addresses various types of contracts, including those for the sale of goods, services, and real estate. The Act also provides guidelines on contract performance, breach, and remedies available to parties in case of non-performance or disputes.
While the Act provides a foundational framework for contract law in Kenya, it has been supplemented by various legal reforms and judicial interpretations over time. These updates address emerging issues such as electronic contracts and international trade, ensuring that Kenyan contract law remains relevant and aligned with global standards.
The primary objective of the Law of Contract Act is to ensure that contractual agreements are fair and legally enforceable. It aims to provide a clear and predictable legal framework for businesses and individuals to enter into and manage contracts, thereby promoting trust and stability in commercial and personal transactions.
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