Concept of Contract and Contract Terms in the Romano-Germanic Legal System

There are two main legal systems which were adopted by majority of countries as their legal system: the Romano-Germanic and Anglo-Saxon legal systems.In both of these legal systems, regulation of variety of matters regarding contract is considered to be essential.Because of the fundamental differences of the legal systems in question, main institutions of concept of contract such as conclusion of contract, form, content and expression of will thereof are regulated, applied and interpreted differently respective of each legal system.Therefore, the comparative analysis of concept of contract and contract terms under Romano-Germanic and Anglo-Saxon legal systems and identification of their similar and distinctive features have always been a topical issue.In order to conduct such a comparative analysis, firstly it is important to understand the characteristics of those institutions in question in the respective legal systems.Considering this, it is essential to analyze and to understand the concept of contract and contract terms under Romano-Germanic legal system which is a legal system also adopted in Republic of Azerbaijan.For this, it is appropriate to review the theoretical works explaining the concept of the contract in the Romano-Germanic legal system, including the legislation of the Republic of Azerbaijan which belongs to the Romano-Germanic legal system.