Second-year master’s student, Commercial Law specialty, Faculty of Law, Baku State University
E-mail: [email protected]
UDC 347.4(479.24)
THE MANIFESTATION OF MODERN CONTRACT LAW IN THE AZERBAIJANI
LEGAL SYSTEM
Contract law is frequently described as the legal infrastructure of a market economy: it enables private actors to plan transactions, allocate risk, and enforce cooperation through legally binding promises. In Azerbaijan, the role of contract law has become more visible as the country’s economy has diversified and as domestic enterprises increasingly participate in cross-border trade. At the same time, modern contracting practice challenges the classical picture of two equal parties freely negotiating all terms. Many agreements are concluded through standard forms drafted by repeat players; small businesses and consumers may accept terms under information asymmetry; and digital platforms compress bargaining into a few clicks. These realities make it necessary to examine how modern contract law ideas are reflected in Azerbaijan’s legal system and how that system responds to the practical pressures of contemporary commerce.