Currently browsing: Contract Agreement

HOW TO ENSURE THE PARTIES HAVE INTENTION TO CREATE LEGAL RELATIONS UNDER GHANAIAN LAW

Intention to create legal relations is an essential requirement for a binding contract under Ghanaian law. It refers to the clear and deliberate decision by the parties that their agreement should have legal force and that they may sue or be sued for failure to perform. Without legal intention, even the most serious promises do not become enforceable contracts.

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HOW TO MAKE A LEGALLY BINDING ACCEPTANCE UNDER GHANAIAN LAW

Acceptance is the final and unqualified expression of assent to the terms of an offer. Under Ghanaian contract law, a legally binding acceptance must demonstrate a clear and unconditional agreement to all the terms presented by the offeror. Once acceptance occurs, a binding contract is formed, and the terms of the offer become enforceable obligations. The principles governing acceptance are shaped by common law, Ghanaian case law, and the Contracts Act 1960, Act 25.

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 HOW TO MAKE A VALID OFFER UNDER GHANAIAN LAW

A valid offer under Ghanaian law is a clear and final expression of willingness to enter into a binding legal agreement once accepted. It must be clear, unambiguous, final, and legally capable of forming a contract. Courts assess whether a statement is an offer by applying the objective test. This means the court asks what a reasonable person with knowledge of the facts would conclude from the words and conduct of the parties.

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BUSINESS COMPILATION RESERVED. Contract 1

A contract is a legally enforceable agreement under Ghanaian law formed when the parties reach consensus ad idem, meaning a true meeting of the minds. Ghana’s contract law is derived from common law doctrine and refined by the Contracts Act 1960 Act 25. Courts assess the presence and quality of offer, acceptance, intention to create legal relations, capacity and consideration to determine whether an agreement is enforceable.

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