/lɔ ʌv ˈkɒntrækt/ – Phrase
Definition: luật hợp đồng, luật khế ước, luật về cam kết trong hợp đồng.
A more thorough explanation: The legal English definition of the term “law of contract” refers to the body of laws that govern the formation, interpretation, and enforcement of contracts between parties. This area of law sets out the rules and principles that determine the rights and obligations of individuals or entities who enter into agreements with each other. The law of contract covers various aspects such as offer and acceptance, consideration, capacity, legality, and the remedies available in case of breach of contract.
Example: The law of contract requires that parties must have a meeting of the minds in order to form a legally binding agreement.