Management Notes

Reference Notes for Management

Importance and Flaws of Free Consent – 8 Major Importance of Free Consent | Business Law

Importance and Flaws of Free Consent

Concept of Free Consent:

In contract law, free consent emphasizes the voluntary and informed agreement between parties who enter into a contract. It signifies that the consent given by each party must be free from any undue influence, coercion, misrepresentation, mistake, or fraud. The principle ensures that contracts are entered into willingly, with an understanding of their terms and conditions, and without any unfair advantage being gained.

Free consent implies that the agreement between parties is the result of the genuine exercise of their free will. The principle of autonomy is at the core of free consent, which ensures that both parties have freely and consciously agreed to the terms of the contract without any external pressure or unfair treatment.

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