Understanding Business Contracts is a quick guide designed to assist those working in business understand the practical application of contract law in their day to day dealings. Many contract law books present the law as an abstract set of rules along with a stream of legal cases attached to each rule. By contrast, this book takes a unique approach by providing the legal context to the practical operation of everyday business contracts. It is a concise explanation of how law affects contracts and the process of contracting, from early negotiation to formation, implementation and conclusion. This book will help businesspeople understand what is commonly found in contracts and how to navigate common pitfalls. It will assist readers better appreciate the how and why of contract law.