{"id":828,"date":"2016-11-30T10:43:20","date_gmt":"2016-11-30T10:43:20","guid":{"rendered":"https:\/\/www.getsmarter.com\/blog\/?p=828"},"modified":"2025-11-14T12:47:39","modified_gmt":"2025-11-14T10:47:39","slug":"contract-law-affect-businesses-faqs","status":"publish","type":"post","link":"https:\/\/www.getsmarter.com\/blog\/contract-law-affect-businesses-faqs\/","title":{"rendered":"How does contract law affect businesses? | FAQs"},"content":{"rendered":"<p><a href=\"https:\/\/www.getsmarter.com\/products\/uct-commercial-and-contract-law-online-short-course\" target=\"_blank\" rel=\"noopener noreferrer\">Contract law and commercial law <\/a>can be intimidating topics for any business owner, but it\u2019s important to know how they might affect the way you do business or your professional development if you want to improve your career in commercial law. Watch the video to find out how your business will be affected by contract law specifically.<\/p>\n<div style=\"text-align: center;\">\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/mIoE8Hb_p_I\" width=\"1100\" height=\"600\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<\/div>\n<p>Understanding how contract law affects your business or organisation is vital to your professional success &#8211; it&#8217;s involved in almost any business that deals with providing either a product or a service. This is due to the fact contract law is involved in every purchase, selling, reselling or rendering service. The law of contracts involved in these transactions refer to what services or products are being sold and purchased as well as the prices. Terms and conditions are also involved in contract law that pertains to transactions between businesses and clients. Ultimately, contract law and commercial law defines the essence of any business and its functions.<\/p>\n<p>One way to ensure you navigate the world of contract law and lead your business to success? Contract management courses in contract, commercial or corporate law.<\/p>\n<p>If you wish to further elevate your understanding of South African employment law and promote fair labour practices in the workplace, consider enrolling in a <a href=\"https:\/\/www.getsmarter.com\/products\/uct-practical-labour-law-online-short-course\" target=\"_blank\" rel=\"noopener\">labour relations course<\/a>.<\/p>\n<hr \/>\n<p style=\"text-align: left;\"><em>Transcription<\/em><\/p>\n<p><em>Contract law affects businesses because all businesses are either providing a service or they\u2019re providing a product which means that they have to purchase, they have to resell, or they have to render services. For each and every one of these transactions, a contract should be in place. That contract states whether those services are being purchased or sold at the specific price and what the terms and conditions are. So, that contract is usually the be-all and end-all of all the transactions that businesses enter into.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ensure your business doesn\u2019t get held back.<\/p>\n","protected":false},"author":74,"featured_media":19559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[122,131],"article-format":[],"class_list":["post-828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-advice","tag-business-management","tag-law"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does contract law affect businesses? | FAQs - GetSmarter Blog<\/title>\n<meta name=\"description\" content=\"Ensure your business doesn&#039;t get held back, find out more about the University of Cape Town Contract and Commercial Law online short course.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.getsmarter.com\/blog\/contract-law-affect-businesses-faqs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does contract law affect businesses? | FAQs\" \/>\n<meta property=\"og:description\" content=\"Ensure your business doesn&#039;t get held back, find out more about the University of Cape Town Contract and Commercial Law online short course.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.getsmarter.com\/blog\/contract-law-affect-businesses-faqs\/\" \/>\n<meta property=\"og:site_name\" content=\"GetSmarter Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-30T10:43:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-14T10:47:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2016\/11\/Blog_thumbnails_contractlaw-businesses_14_09_18_360x200px.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"360\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shameel Mohanlal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GetSmarter Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.getsmarter.com\/blog\/contract-law-affect-businesses-faqs\/#primaryimage\",\"url\":\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2016\/11\/Blog_thumbnails_contractlaw-businesses_14_09_18_360x200px.jpg\",\"contentUrl\":\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2016\/11\/Blog_thumbnails_contractlaw-businesses_14_09_18_360x200px.jpg\",\"width\":360,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.getsmarter.com\/blog\/contract-law-affect-businesses-faqs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.getsmarter.com\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\/\/www.getsmarter.com\/blog\"}]}]}<\/script>\n<meta property=\"og:video\" content=\"https:\/\/www.youtube.com\/embed\/mIoE8Hb_p_I\" \/>\n<meta property=\"og:video:type\" content=\"text\/html\" \/>\n<meta property=\"og:video:duration\" content=\"47\" \/>\n<meta property=\"og:video:width\" content=\"480\" \/>\n<meta property=\"og:video:height\" content=\"270\" \/>\n<meta property=\"ya:ovs:adult\" content=\"false\" \/>\n<meta property=\"ya:ovs:upload_date\" content=\"2016-11-30T10:43:20+00:00\" \/>\n<meta property=\"ya:ovs:allow_embed\" content=\"true\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How does contract law affect businesses? 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