The Need for Evolution in the General Legal Criteria of Contracts in Accordance with the Evolution of the Economy

Process of establishment of contracts and their foundations, should be proportionate to the evolution of the economy. Contract is an obligation and should be with highest efficiency, benefit and satisfaction. Each of these things has many levels and in every age finds its own meaning. Foundations of contracts, such as validity, satisfaction, no loss and no legally foolishness, are relative and contain numerous degrees. A contract may be efficient, accurate and effective at a time and be void in other times. One person also may be legally foolish in one contract but grown in other. This paper reveals that each meaning must be consistent with the same period of time. This paper is an analytical text and its Hypothesizes that for any foundations should refer to specialist practice and normal practice would induce to static and unchanging.