Assessing Contract Law can be very challenging, because the topic is potentially so expansive. This area of law is the underlying foundation for essentially all commercial activity, which requires the existence of enforceable agreements. For the diagnostic methodology, the emphasis is on the process of requirements for contract formation an the mechanisms for enforcing contracts in the event of disputes or failure to perform. More concisely, the scope of this section is the legal and institutional framework for the creation, interpretation, and enforcement of commercial obligations between tow or more parties.
The legal framework questions are designed to assess the current state of contract law in a country by focusing on issues of contract formation, enforcement, and remedies. In addition, several questions address the definition of Implementing and Supporting Institutions.
