The Law of Contract Act 1961, S. 2(2) provides that, except as may be provided by any written law for the time being in force, the common law of England relating to contract, as modified by doctrines of equity and by the Acts of the United Kingdom Parliament specified in the schedule to the Act, to the extent and subject to modifications in the said schedule, shall extend and apply to Kenya.

A contract is a legally binding agreement between two or more parties.

These notes will help you understand all about contracts

The document discusses the law of contract in Kenya. It defines a contract and outlines the key elements required for a valid contract, including offer, acceptance, consideration, intention and capacity. It describes the different types of contracts and the process of contract formation. The summary provides an overview of the key topics covered in the document related to contract law in Kenya.

The document defines and classifies contracts, outlines their essential elements, and discusses requirements for a contract to exist including offer and acceptance. Contracts can be bilateral, involving an exchange of promises, or unilateral, involving an act in return for a promise. A valid contract requires agreement, consideration, intention to create legal relations, capacity, consent, legality and certain formalities depending on the type of contract. A contract can be valid, void, voidable or unenforceable depending on defects.