We enter into contracts for a large number of objectives. In the classroom, we will focus on the contracts that companies are likely to enter into; These generally involve the temporary or permanent transfer of economic resources such as land, labour, capital, information and risk. In this segment will obviously look at contract law. We have already talked about property rights and the right that every person should not be violated and that their property not be damaged; i.e. wrongs. Each of these transactions involves a contractual relationship. This course will not cover all of these transactions in detail, but will use a variety of these transactions to illustrate different legal concepts. Many contracts include more than one economic resource; z.B. The sale and application of fertilizer in this case involves both the purchase of personal property (the product) and the rental of the service of an independent contractor. Agricultural contracts increasingly focus on the use and control of information and risk management, as well as the sale or leasing of assets or the hiring of an employee. Contracts can be characterized as self-imposed enforceable legal obligations that are not contrary to public policy or law.

In other words, when entering into a contract, the contracting parties agree that each party has certain rights that it can invoke to enforce the judicial system. The contract debate is divided into four sections: examples of transactions with economic resources.