Parties to a business agreement normally resort to contract law when one party feels the other has violated either the letter or the spirit of an agreement.Because common law tends to be relatively ill-specified,contracts drafted under a common law framework tend to be:

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Common law framework provides only general guidelines for business agreements, and therefore, to avoid any potential conflicts, parties may detail all contingencies and obligations clearly in the contract. This makes contracts drafted under this framework very detailed.

Parties to a Business Agreement Normally Resort to Contract Law