freedom of contract

Legal Definition of freedom of contract

: a power or right to contract and freely determine the provisions of contracts without arbitrary or unreasonable legal restrictions especially as guaranteed under the contract clause of Article I, Section 10 of the U.S. Constitution

called also freedom to contract, liberty of contract

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Cite this Entry

“Freedom of contract.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/freedom%20of%20contract. Accessed 15 Aug. 2020.

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