Second-year master’s student, “Commercial Law” specialty, Law Faculty, Baku State University
E-mail: [email protected]
UDC 347.73
DOCTRINAL APPROACHES IN MODERN CONTRACT LAW
Contract law is often presented as the legal language of private autonomy: individuals and businesses organize cooperation through agreements whose binding force is typically respected by courts. Yet modern practice reveals persistent tensions. Many transactions are concluded through standard form contracts drafted by repeat players; consumers and small enterprises frequently negotiate under information asymmetry; and cross-border commerce introduces choice-of-law and enforcement uncertainty. These realities force a doctrinal question: what justifies enforcing a contract when the bargaining process, the content of the terms, or the surrounding social context undermines the idealized picture of fully informed and equal consent?